Schwab Declares Preferred Stock Dividend

SAN FRANCISCO–(BUSINESS WIRE)–The Board of Directors of The Charles Schwab Corporation has declared a
semi-annual dividend on the outstanding Fixed-to-Floating Rate
Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35
per share. The dividend is payable August 1, 2019 to stockholders of
record at the close of business on July 17, 2019.

About Charles Schwab

The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of
financial services, with more than 360 offices and 11.8 million active
brokerage accounts, 1.7 million corporate retirement plan participants,
1.3 million banking accounts, and $3.59 trillion in client assets as of
March 31, 2019. Through its operating subsidiaries, the company provides
a full range of wealth management, securities brokerage, banking, money
management, custody, and financial advisory services to individual
investors and independent investment advisors. Its broker-dealer
subsidiary, Charles Schwab & Co., Inc. (member SIPC,
http://www.sipc.org),
and affiliates offer a complete range of investment services and
products including an extensive selection of mutual funds; financial
planning and investment advice; retirement plan and equity compensation
plan services; referrals to independent fee-based investment advisors;
and custodial, operational and trading support for independent,
fee-based investment advisors through Schwab Advisor Services. Its
banking subsidiary, Charles Schwab Bank (member FDIC and an Equal
Housing Lender), provides banking and lending services and products.
More information is available at www.schwab.com
and www.aboutschwab.com.

Contacts

MEDIA:
Mayura Hooper
Charles Schwab
Phone:
415-667-1525

INVESTORS/ANALYSTS:
Rich Fowler
Charles
Schwab
Phone: 415-667-1841

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