Despite the SARS-CoV-2 pandemic and the looming absorption of a big former rival, financial services giant Charles Schwab (NYSE: SCHW) is keeping its quarterly dividend steady, at least for now.
On Wednesday after the market closed, the brokerage declared that the next dividend on its common stock will be $0.18 per share. It will be distributed on May 22 to investors of record as of May 8. That amount matches the previous dividend, which was disbursed at the end of February. Prior to that, Schwab had paid $0.17 per share. At the company's current share price, its yield is slightly over 2%.
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