The Charles Schwab Corporation (NYSE:SCHW) stock is about to trade ex-dividend in four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company’s books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Charles Schwab’s shares before the 9th of May in order to receive the dividend, which the company will pay on the 24th of May.
The company’s next dividend payment will be US$0.25 per share, and in the last 12 months, the company paid a total of US$1.00 per share. Last year’s total dividend payments show that Charles Schwab has a trailing yield of 1.3% on the current share price of US$76.04. Dividends are an important source of income to many shareholders, but the health of the business is crucial to…
