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Jan. 26, 2022, 5:17 p.m. EST

Schwab Raises Quarterly Dividend by 11%

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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

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