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Key Developments: Charles Schwab Corp (SCHW.N)

SCHW.N on New York Stock Exchange

28.41USD
29 Apr 2016
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$-0.57 (-1.97%)
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Latest Key Developments (Source: Significant Developments)

Charles Schwab Corp declares regular quarterly common stock dividend
Thursday, 22 Oct 2015 06:30pm EDT 

Charles Schwab Corp:Declared a regular quarterly cash dividend of $0.06 per common share.Dividend is payable November 20, 2015 to stockholders of record as of the close of business on November 6, 2015.  Full Article

U.S. top court rejects Charles Schwab Corp appeal in breach-of-contract dispute - Reuters
Sunday, 4 Oct 2015 08:00pm EDT 

Charles Schwab Corp:The U.S. Supreme Court on Monday left intact an appeals court decision that allowed a financial adviser to sue Charles Schwab Corp over allegations that the brokerage firm deviated from objectives set for a mutual fund, costing investors millions of dollars in losses - Reuters.The court rejected Schwab's appeal of a March ruling by the 9th U.S. Circuit Court of Appeals that revived the lawsuit - Reuters.The appeals court said Northstar Financial Advisors Inc could sue on behalf of its clients and that Charles Schwab should face claims of breach of contract over the alleged losses in the Schwab Total Bond Index fund - Reuters.Other claims in the original lawsuit are still pending - Reuters.Plaintiffs said that by investing more than 25% of assets in non-agency mortgage securities & collateralized mortgage obligations - Reuters.Schwab portfolio managers ignored the fund's fundamental investment objectives of tracking Lehman Brothers U.S. Aggregate Bond Index & avoiding big industry bets - Reuters.They said this caused the fund to lag its benchmark from Sept. 1, 2007, to Feb. 27, 2009, losing 4.80 percent while the index posted a positive total return of 7.85 percent - Reuters.Writing for the appeals court, Judge Edward Korman, who normally hears cases in Brooklyn, New York, said Schwab's adoption of the fund's fundamental policies were "sufficient to form a contract" between the shareholders and the fund itself - Reuters.  Full Article

Charles Schwab Corporation Declares Regular Quarterly Common Stock Dividend and Preferred Stock Dividend
Thursday, 23 Jul 2015 06:06pm EDT 

Charles Schwab Corporation:Declared a regular quarterly cash dividend of $0.06 per common share.The dividend is payable August 21, 2015 to stockholders of record as of the close of business on August 7, 2015.Also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock.The dividend is payable September 1, 2015 to stockholders of record at the close of business on August 17, 2015.  Full Article

Charles Schwab Corp declares regular quarterly common stock dividend and preferred stock dividend
Wednesday, 22 Apr 2015 05:42pm EDT 

Charles Schwab Corp:Declared a regular quarterly cash dividend of $0.06 per common share.Payable May 22 to stockholders of record as of the close of business on May 8.Also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock.Payable June 1 to stockholders of record at the close of business on May 15.  Full Article

Charles Schwab Corp declares regular quarterly common stock dividend and preferred stock dividend
Thursday, 29 Jan 2015 05:10pm EST 

Charles Schwab Corp:Declares a regular quarterly cash dividend of $0.06 per common share.Says the dividend is payable Feb. 20 to stockholders of record Feb. 6.Also declares a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock.Payable March 2, to stockholders of record at the close of business on Feb. 13.  Full Article

Charles Schwab Corp declares preferred stock dividend
Thursday, 11 Dec 2014 02:12pm EST 

Charles Schwab Corp:Declared semi-annual dividend on outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share.Dividend is payable Feb. 2, 2015, to stockholders of record at close of business on Jan. 16, 2015.  Full Article

Charles Schwab Corp sees FY 2014 revenue outlook - Conference Call
Monday, 27 Oct 2014 03:00pm EDT 

Charles Schwab Corp:Expect FY 2014 revenue outlook to be at the high end of the range, in terms of what said in the gap between the pace of revenue growth.Reported revenue of $5.435 bln in FY 2013.FY 2014 revenue of $6.577 bln - Thomson Reuters I/B/E/S.  Full Article

Charles Schwab Corp declares regular quarterly common stock dividend and preferred stock dividend
Thursday, 23 Oct 2014 05:42pm EDT 

Charles Schwab Corp:Declares a regular quarterly cash dividend of $0.06 per common share.Payable Nov. 21 to stockholders of record Nov. 07.Also declares a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock.Payable Dec. 01 to stockholders of record at the close of business on Nov. 14.  Full Article

Charles Schwab Corp reaffirms FY 2014 revenue guidance - Conference Call
Friday, 25 Jul 2014 11:30am EDT 

Charles Schwab Corp:Reaffirms that for FY 2014 where it started the year thinking it were going to be in mid to high single-digit revenue growth, it is now more comfortable saying high single-digit revenue growth.Reported revenue of $5.435 billion in FY 2013.  Full Article

Charles Schwab Corp declares regular quarterly common stock dividend and preferred stock dividend
Thursday, 24 Jul 2014 05:12pm EDT 

Charles Schwab Corp:Declares a regular quarterly cash dividend of $0.06 per common share.Payable Aug. 22 to stockholders of record Aug. 8.  Full Article

Shoddy exams trigger U.S. sanctions for accountant to athletes' adviser

An accounting firm for a financial services company that advised former heavyweight boxing champion Mike Tyson and other athletes violated a rule designed to safeguard customer funds, U.S. securities regulators said on Friday.

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