SAN FRANCISCO, Oct. 19 /PRNewswire-FirstCall/ -- The Board of Directors
of The Charles Schwab Corporation at its meeting today declared a 67%
increase in the quarterly cash dividend to $0.05 per common share. The
dividend is payable November 22, 2006 to stockholders of record November 8,
2006.
Chairman and CEO Charles Schwab commented, "This increase reflects the
Board's confidence in our ability to continue to deliver consistent
earnings and cash flow as we build stronger relationships with our
clients."
The Charles Schwab Corporation (Nasdaq: SCHW) is a leading provider of
financial services, with more than 330 offices and 6.8 million client
brokerage accounts, 535,000 corporate retirement plan participants, 181,000
banking accounts, and $1.3 trillion in client assets. Through its operating
subsidiaries, the company provides a full range of securities brokerage,
banking, money management and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC, http://www.sipc.org),
offers a complete range of investment services and products including an
extensive selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services; referrals to
independent fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors through its
Schwab Institutional division. The Charles Schwab Bank, N.A. (member FDIC)
provides banking and mortgage services and products. The company's other
operating subsidiaries include U.S. Trust Corporation (member FDIC) and
CyberTrader(R), Inc. (member SIPC, http://www.sipc.org). More information
is available at http://www.schwab.com.
SOURCE Charles Schwab
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Related links:
http://www.schwab.com
CONTACT:
Media, Glen Mathison, +1-415-636-5448, or
Investors/Analysts, Rich Fowler, +1-415-636-9869, both of Charles
Schwab
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