Schwab Declares 13.6% Increase in Quarterly Dividend
October 20 2005 - 4:05PM
PR Newswire (US)
SAN FRANCISCO, Oct. 20 /PRNewswire-FirstCall/ -- The Board of
Directors of The Charles Schwab Corporation at its meeting today
declared a 13.6% increase to the quarterly dividend on the
company's common stock to $0.025 a share. The dividend is payable
November 23, 2005 to stockholders of record November 9, 2005. The
Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its
operating subsidiaries, provides securities brokerage and financial
services to individual investors and the independent investment
advisors who work with them. With over 7 million individual
investor accounts and more than $1 trillion in client assets, The
Charles Schwab Corporation is one of the nation's largest financial
services firms. Schwab provides a complete range of securities
brokerage services and products, including an extensive marketplace
of mutual funds; financial planning and investment advice;
retirement plans; banking products and services; and referrals to a
select group of independent fee-based investment advisors. Schwab
is also the leading provider of custodial, operational and trading
support for independent fee-based investment advisors. The
corporation's operating subsidiaries include: Charles Schwab &
Co., Inc. (member SIPC), U.S. Trust Corporation (member FDIC),
CyberTrader(R), Inc. (member SIPC), and Charles Schwab Bank (member
FDIC). These companies' Web sites can be reached at
http://www.schwab.com/, http://www.ustrust.com/,
http://www.cybertrader.com/, and http://www.schwabbank.com/,
respectively. DATASOURCE: Charles Schwab CONTACT: Media, Glen
Mathison, +1-415-636-5448, or Investors/Analysts, Rich Fowler,
+1-415-636-9869, both of Charles Schwab Web site:
http://www.schwab.com/
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