By Kathryn Hardison

 

Charles Schwab Corp.'s board of directors raised its quarterly cash dividend to 25 cents per share.

The new dividend represents a 14% increase from its prior dividend of 22 cents.

The new payout, equal to $1 a year, represents an annual yield of roughly 1.3% based on Thursday's closing price of $78.05.

The dividend is payable Feb. 24 to stockholders of record as of the close of business on Feb. 10.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

January 26, 2023 17:11 ET (22:11 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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