Key insights
- Charles Schwab declared a $0.32 quarterly dividend. Recent earnings surpassed estimates, but analyst opinions are mixed, with some maintaining positive outlooks while others lowered price targets. Overall, the news is slightly positive, suggesting stability, but the conflicting analyst views introduce uncertainty.
WESTLAKE, Texas - The Charles Schwab Corporation (NYSE:SCHW) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.32 per common share, according to a press release statement.
The dividend will be payable on May 22, 2026 to stockholders of record as of the close of business on May 8, 2026. This continues Schwab’s impressive track record of maintaining dividend payments for 38 consecutive years, with the stock currently offering a 1.4% dividend yield.
The Board also declared dividends on six series of preferred stock, payable June 1, 2026 to stockholders of record as of the close of business on May 15, 2026. The preferred stock dividends include $0.372000 per depositary share for the 5.95% Non-Cumulative Perpetual Preferred Stock, Series D, covering the dividend period from March 1, 2026 to May 31, 2026.
Other preferred stock dividends declared include $25.000000 per depositary share for Series F, $10.000000 per depositary share for both Series H and Series I, $0.278250 per depositary share for Series J, and $12.500000 per depositary share for Series K.
The company reported having 39.1 million active brokerage accounts, 5.8 million workplace plan participant accounts, 2.3 million banking accounts, and $11.77 trillion in client assets. Trading at a P/E ratio of 17.64, InvestingPro analysis suggests the stock appears undervalued relative to its Fair Value.
In other recent news, Charles Schwab Corp. reported strong first-quarter results, with adjusted earnings per share of $1.43, surpassing the consensus estimate of $1.39. The company also achieved a net revenue of $6.5 billion, marking a 16% increase compared to the previous year. Following these results, Citizens maintained its Market Outperform rating with a $120 price target for Charles Schwab. However, TD Cowen lowered its price target for the company to $108 from $128, citing reduced estimates for 2026 and 2027, despite the solid first-quarter performance. BofA Securities also adjusted its price target, raising it slightly to $92 from $90, while continuing to rate the stock as Underperform due to concerns about brokerage cash monetization strategies. Wolfe Research, meanwhile, lowered its price target to $113 from $115, maintaining an Outperform rating, reflecting lower expectations for year-end 2026 excess capital. These developments highlight the mixed analyst outlook on Charles Schwab amidst its recent financial performance.
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