PreferredStockChannel
Schwab (Charles) Corp (The) | 5.95% Non-Cumulative Perpetual Preferred Stock, Series D (SCHW.PRD)

Prospectus excerpt:  We are offering 30,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 5.95% Non-Cumulative Perpetual Preferred Stock, Series D, $0.01 par value, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the ˘Series D Preferred Stock÷). The depositary shares are represented by depositary receipts. As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Series D Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary.

Full Prospectus PDF », SCHW Page »

Series:D
Alternate symbology:SCHW-D, SCHW-PD, SCHWprD
Redeemable?:Yes
Call Date:6/1/2021 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:30,000,000
Liquidation Preference:$25
Recent Market Price:$25.49
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.49 (1.96%)
Annualized Dividend:1.488
Recent Ex-Date:11/15/2021
Current Yield:5.84%
Original Coupon:5.95%
Pay Period:Quarterly
Pay Dates:1-Mar, 1-Jun, 1-Sep, 1-Dec
CDx3 Compliance Rating: Learn SCHW.PRD's Rating
Charles Schwab is a savings and loan holding company. Co. is engaged, through its subsidiaries, in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Co.'s segments include: Investor Services, which provides retail brokerage and banking services to individual investors and retirement plan services, as well as other corporate brokerage services, to businesses and their employees; and Advisor Services, which provides custodial, trading, banking and support services, as well as retirement business services to independent registered investment advisors and recordkeepers.

Preferreds: SCHW.PRB, SCHW.PRC, SCHW.PRD


Open the SCHW Information Page »
Name: 
Schwab (Charles) Corp (The)
Website: 
www.aboutschwab.com
Sector: 
Investment Brokerages
Number of ETFs Holding SCHW: 
94 (see which ones)
Total Market Value Held by ETFs: 
$9,290,272,052
Total Market Capitalization: 
$140,177,000,000
% of Market Cap. Held by ETFs: 
6.63%

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