Company Update (NYSE:SCHW): Schwab Declares Preferred Stock Dividend

[Business Wire] – The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. Read more on this. The Charles Schwab Corporation (SCHW) , valued at $36.90B, started trading this morning at $27.69. Looking at the stock, its one day range is $27.52 to $28.11 with the price of the stock fluctuating between $21.51 to $35.72 over the last 52 weeks. SCHW shares are currently priced at 21.98x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.83x forward p/e ratio. And for income investors, the company pays shareholders $0.28 per share annually in dividends, yielding 1.02%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $0.30 per share, which would be $0.05 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.26 would be a $0.29 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.80 Billion. If reported, that would be a 14.65% increase over the year-ago quarter. More recently, Credit Agricole upgraded SCHW from Underperform to Outperform (Feb 16, 2016). Previously, Nomura upgraded SCHW from Neutral to Buy. The average price target for SCHW shares by the analysts covering it is $32.31, which is 16.68% above where the stock opened. See more in (NYSE:SCHW) Similar Articles: Company Update (NYSE:SCHW): Schwab Reports Net Income Up 36% to $412 Million, a First Quarter Record Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab ETF OneSource™ Shares Compelling View of the ETF Industry Company Update: The Charles Schwab Corporation (NYSE:SCHW) – Schwab Reports Record Quarterly Net Income of $416 Million, Up 19%