Charles Schwab authorizes $20B stock buyback

The Board of Directors of The Charles Schwab (SCHW) Corporation at its meeting today authorized additional repurchases of the company’s common stock and declared a regular quarterly cash dividend of 27c per common share. The dividend is payable August 22, 2025 to stockholders of record as of the close of business on August 8, 2025. As of June 30, 2025 the Share Repurchase Program had approximately $6.9 billion of share repurchases remaining under a prior authorization. The Board’s decision today has replaced this authorization with approval to repurchase a total of $20B of its common stock. Shares may be repurchased through open market or privately negotiated transactions based on prevailing market conditions. For the quarter ended June 30, 2025 the company had 1.822 billion weighted-average common and common equivalent shares outstanding. Co-Chairman Walt Bettinger commented, “The Board’s decision regarding the Share Repurchase Program reflects Schwab’s sustained business and financial momentum as well as our continued confidence in the long-term prospects for the firm. Guided by our “Through Clients’ Eyes” strategy, these actions reinforce our commitment to delivering strong growth across all fronts while further enhancing long-term stockholder value through the opportunistic return of excess capital.”