The Board of Directors of The Charles Schwab Corporation authorized a new $20 billion stock repurchase program on July 24, 2025. This new authorization replaces the previous program, which had approximately $6.9 billion remaining.
The company also declared a regular quarterly cash dividend of $0.27 per common share, payable on August 22, 2025. This dividend is consistent with the 8% increase announced earlier in the year.
Co-Chairman Walt Bettinger stated that the decision reflects Schwab’s sustained business and financial momentum and confidence in the firm's long-term prospects. This action reinforces the commitment to delivering strong growth and opportunistically returning excess capital to stockholders.
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