By Stephen Nakrosis

 

Charles Schwab Corp. on Wednesday said its board raised the quarterly cash dividend by 2 cents, or 11%

The new dividend of 20 cents a share will be payable on Feb. 25 to shareholders of record at the close of business on Feb. 11.

"This dividend increase reflects the board's confidence in our ability to continue to deliver consistent earnings and cash flow as we pursue our 'Through Clients' Eyes' strategy," said Charles Schwab, chairman.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 26, 2022 17:32 ET (22:32 GMT)

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