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SCHW-P-D NOW TRADING POST CALL DATE

SCHWAB CHARLES CORP · Series D · Security Brokers, Dealers & Flotation Companies
Also quoted as: SCHW-D, SCHWprD, SCHW.PRD, SCHW-PD, SCHWpD
$24.40
last price

About this security

SCHW-P-D is a 5.95% non-cumulative perpetual preferred stock issued by SCHWAB CHARLES CORP, a Security Brokers, Dealers & Flotation Companies issuer. $25 liquidation preference, current yield 6.10%, callable from 2021-06-01.

SCHWAB CHARLES CORP: The Charles Schwab Corporation is a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services to individual and institutional clients. Its principal subsidiaries include a broker-dealer (Charles Schwab & Co.), a banking entity (Charles Schwab Bank, SSB), and an investment management arm that oversees the Schwab Funds and Schwab ETFs product lines. The company serves clients through two segments — Investor Services, focused on retail investors and corporate brokerage, and Advisor Services — and operates at significant scale, with $11.90 trillion in client assets and 38.5 million active brokerage accounts as of year-end 2025. Founded in 1971, Schwab ranks among the largest retail brokerage and financial services firms in the United States.

Issuer page — all SCHWAB CHARLES CORP securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing

live page · rendered 05:27:49 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
6.10%
Annual Dividend
$1.4875
Recent Market Price
$24.40
as of 2026-06-16
Disc/Prem to Par (→ screen)
Recent Ex-Date
2026-05-15
Pay Frequency
quarterly
Cumulative
No
Original Coupon
5.950%
Call Date
2021-06-01 ⚑ callable now
Yield to Call
n/a — callable now
Yield to Worst
6.10%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
March 1, June 1, September 1, December 1
Shares Offered (original)
30,000,000
Issued
2016-03-07
Series
D
Alt. Symbology
SCHW-D, SCHWprD, SCHW.PRD, SCHW-PD, SCHWpD

vs. Security Brokers, Dealers & Flotation Companies category (18 issues): yield 6.10% vs avg 6.32% · discount -2.4% vs avg -13.8%

Quote

 SCHW-P-D (preferred)SCHW (common)
Last $24.40 $91.10
Change
Open$24.51$89.53
High / Low $24.51 / $24.39 $92.21 / $89.25
Prev Close
Volume40,04311,399,437
52-Week High / Low $25.63 / $24.18 $107.50 / $83.96

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

SCHW-P-D SCHW (common)

Dividend History

Ex-DateAmount / Share
2026-05-15$0.372000
2026-02-13$0.372000
2025-11-14$0.372000
2025-08-18$0.372000
2025-05-16$0.372000
2025-02-14$0.372000
2024-11-15$0.372000
2024-08-19$0.372000
2024-05-16$0.372000
2024-02-14$0.372000
2023-11-15$0.372000
2023-08-16$0.372000

Performance — $10K Calculator

See what an investment in SCHW-P-D would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for SCHW-P-D →

Prospectus (SEC 424B5)

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").

Full Prospectus (SEC filing) →

Other Securities from SCHWAB CHARLES CORP

SymbolTypeCouponPriceYield
SCHW-P-J preferred 4.450% 17.62 6.31%

News — SCHWAB CHARLES CORP

Issuer news via Tiingo, tagged to SCHW.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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