SCHW-J Charles Schwab Corporation ADRs of 4.450% Non-Cumulative Preferred, Series J

We will pay dividends on the Series J Preferred Stock, when, as, and if declared by our board of directors or a duly authorized committee of our board of directors. Dividends will accrue on a non-cumulative basis and be payable from the date of initial issuance, at a rate of 4.450% per annum, payable quarterly, in arrears, on the 1st day of March, June, September and December of each year, commencing on June 1, 2021. We may redeem the Series J Preferred Stock at our option in whole or in part, from time to time, on any dividend payment date on or after June 1, 2026 at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without accumulation of any undeclared dividends.  This security was issued by Charles Schwab Corporation, whose common stock symbol is SCHW.

$20.08  +0.18 (0.88%)
As of 03/27/2023 10:37:44 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Capital Markets
Index country:  USA
Country of incorporation:  USA
IPO date:  04/01/2021
Outstanding shares:  24,000,000
Average volume:  30,869
Market cap:   $503,760,000
Current dividend yield:  5.30%    calculation
Coupon rate:    4.450%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   06/01/2026
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BMW32F9