Charles Schwab 6% Non-Cumulative Perpetual Preferred Stock, Series C
By: Tim McPartland,
Date Issued 7/27/2015
Shares Issued 24,000,000 Overallotment Shares None
S&P Rating BBB Moodys Rating Baa2
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Security Ticker Symbol SCHW-C OTC Temp Ticker CSABP
Market Traded On NYSE
Dividend Payment Paid on the 1st of March, June, September and December beginning on 12/01/2015
Quarterly Dividend .375 Annual Dividend 1.500
Securities may be redeemed, at the issuers option, as early as 12/01/2020 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distributions
Maturity Date None
Company Investor Relations Page for Charles Schwab
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
