The Charles Schwab Co. (SCHW) to Issue Quarterly Dividend of $0.27 on February 28th

The Charles Schwab Co. (NYSE:SCHW) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Friday, February 14th will be given a dividend of 0.27 per share by the financial services provider on Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, February 14th. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25.

Charles Schwab has increased its dividend by an average of 11.6% per year over the last three years. Charles Schwab has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Charles Schwab to earn $5.19 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 20.8%.

Charles Schwab Stock Performance

Shares of NYSE:SCHW opened at $83.51 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.47 and a quick ratio of 0.47. Charles Schwab has a 1 year low of $61.01 and a 1 year high of $84.50. The stock has a market capitalization of $148.61 billion, a price-to-earnings ratio of 27.93, a price-to-earnings-growth ratio of 1.02 and a beta of 0.99. The company’s 50 day simple moving average is $77.99 and its 200 day simple moving average is $71.99.

Charles Schwab (NYSE:SCHW) last released its earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.11. The firm had revenue of $5.33 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a return on equity of 18.20% and a net margin of 30.31%. The business’s revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.68 earnings per share. As a group, research analysts predict that Charles Schwab will post 4.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Charles Schwab news, General Counsel Peter J. Morgan III sold 14,643 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of $80.70, for a total value of $1,181,690.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Arun Sarin sold 8,548 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total value of $699,397.36. Following the sale, the director now owns 18,617 shares of the company’s stock, valued at approximately $1,523,242.94. This represents a 31.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,514 shares of company stock worth $3,859,731. Corporate insiders own 6.60% of the company’s stock.

Analyst Ratings Changes

SCHW has been the subject of a number of research reports. Redburn Partners dropped their price objective on shares of Charles Schwab from $70.00 to $68.00 and set a “sell” rating for the company in a report on Friday, January 17th. StockNews.com raised shares of Charles Schwab from a “sell” rating to a “hold” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price objective on shares of Charles Schwab from $87.00 to $93.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 7th. Piper Sandler raised their target price on Charles Schwab from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, UBS Group lifted their target price on Charles Schwab from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Charles Schwab currently has an average rating of “Hold” and a consensus target price of $84.56.

Charles Schwab Company Profile

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.