The Charles Schwab Co. (NYSE:SCHW) Announces Quarterly Dividend of $0.27

The Charles Schwab Co. (NYSE:SCHW) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.27 per share by the financial services provider on Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Charles Schwab’s previous quarterly dividend of $0.25.

Charles Schwab has raised its dividend payment by an average of 11.6% annually over the last three years. Charles Schwab has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Charles Schwab to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.6%.

Charles Schwab Trading Up 0.5 %

Shares of NYSE SCHW traded up $0.43 during trading hours on Wednesday, reaching $82.13. The stock had a trading volume of 8,717,347 shares, compared to its average volume of 9,207,134. The business’s fifty day moving average price is $77.86 and its two-hundred day moving average price is $70.92. The firm has a market cap of $146.17 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 1.46 and a beta of 0.99. Charles Schwab has a 52-week low of $61.01 and a 52-week high of $83.35. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59.

Charles Schwab (NYSE:SCHW) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.11. The firm had revenue of $5.33 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Charles Schwab had a net margin of 30.31% and a return on equity of 18.20%. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 EPS. Analysts expect that Charles Schwab will post 4.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SCHW. JPMorgan Chase & Co. raised their price target on shares of Charles Schwab from $87.00 to $93.00 and gave the company an “overweight” rating in a research report on Tuesday, January 7th. JMP Securities reissued a “market outperform” rating and set a $94.00 target price (up previously from $84.00) on shares of Charles Schwab in a research note on Monday, December 9th. UBS Group raised their price target on shares of Charles Schwab from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Monday. Cowen increased their target price on Charles Schwab from $69.00 to $75.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Charles Schwab from $81.00 to $93.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $84.11.

Insiders Place Their Bets

In other news, Director Arun Sarin sold 8,548 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $81.82, for a total transaction of $699,397.36. Following the transaction, the director now directly owns 18,617 shares in the company, valued at $1,523,242.94. This represents a 31.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christopher V. Dodds sold 9,284 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $81.43, for a total value of $755,996.12. Following the transaction, the director now directly owns 442,807 shares in the company, valued at $36,057,774.01. This trade represents a 2.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 50,014 shares of company stock valued at $4,052,281. Corporate insiders own 6.60% of the company’s stock.

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.