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Schwab (Charles) Corp (The) | 4.45% Dep Shares Non-Cumul Perp Preferred Stock Series J (SCHW.PRJ)
Prospectus excerpt: We are offering 24,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 4.450% Non-Cumulative Perpetual Preferred Stock, Series J, $0.01 par value, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share) (the “Series J 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 J Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise such rights through the depositary. 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. Full Prospectus PDF », Secondary Prospectus PDF », SCHW Page »
Series: | J | Alternate symbology: | SCHW-J, SCHW-PJ, SCHWprJ | Redeemable?: | Yes | Call Date: | 6/1/2026 | Perpetual?: | Yes | Cumulative?: | No | Shares Offered: | 24,000,000 | Liquidation Preference: | $25.00 | Recent Market Price: | $20.07 | Discount to Liquidation Preference: (More Preferreds Trading at a Discount ») | $-4.93 (-19.72%) | Annualized Dividend: | 1.113 | Recent Ex-Date: | 5/16/2024 | Current Yield: | 5.55% | Original Coupon: | 4.45% | Pay Period: | Quarterly | Pay Dates: | 1-Mar, 1-Jun, 1-Sep, 1-Dec | CDx3 Compliance Rating: |
Learn SCHW.PRJ's Rating
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The Charles Schwab is a savings and loan holding company. Through its subsidiaries, Co. engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Co.'s two segments are: Investor Services, which provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan services, as well as other corporate brokerage services to businesses; and Advisor Services, which provides custodial, trading, banking and trust, and support services, as well as retirement business services, to independent registered investment advisors, independent retirement advisors, and recordkeepers. Preferreds: SCHW.PRB, SCHW.PRC, SCHW.PRD, SCHW.PRJ Open the SCHW Information Page »
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Name: |
Schwab (Charles) Corp (The) |
Website: |
www.aboutschwab.com |
Sector: |
Investment Brokerages |
Number of ETFs Holding SCHW: |
92 (see which ones) |
Total Market Value Held by ETFs: |
$12,424,349,857.5 |
Total Market Capitalization: |
$132,816,000,000 |
% of Market Cap. Held by ETFs: |
9.35% |
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