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Ex-dividend reminder: Charles Schwab, SouthState and First Commonwealth Financial


Ex-dividend reminder: Charles Schwab, SouthState and First Commonwealth Financial

Looking at the stock universe we cover at Dividend Channel, as of 11/8/24 The Charles Schwab Corporation (Symbol: SCHW), SouthState Corp (Symbol: SSB), and First Commonwealth Financial Corp (Symbol: FCF) are all trading ex- Dividend for their respective upcoming dividends. Charles Schwab Corporation will pay its quarterly dividend of $0.25 on 11/22/24, SouthState Corp will pay its quarterly dividend of $0.54 on 11/15/24 and First Commonwealth Financial Corp will pay its quarterly dividend of $0.13 on 11/22 pay /24. Based on the current SCHW share price of $71.31, this dividend corresponds to approximately 0.35%. So, all else being equal, look for Charles Schwab Corporation shares to trade 0.35% lower when SCHW shares trade on 11/8. to be opened for trading /24. Likewise, investors should note that SSB price opens 0.55% lower and FCF opens 0.78% lower, all else being equal.

Below are dividend history charts for SCHW, SSB and FCF, showing historical dividends prior to the most recently announced dividends.

The Charles Schwab Corporation (Symbol: SCHW):

SW+Dividend+History+Chart

SouthState Corp (Symbol: SSB):

SSB+Dividend+History+Chart

First Commonwealth Financial Corp (Symbol: FCF):

FCF+Dividend+History+Chart

In general, dividends are not always predictable because they follow the ups and downs of company earnings over time. Therefore, a good first due diligence step in forming an expectation for future annual returns is to look at the history above to get a sense of stability over time. This can help assess whether these companies' recent dividend payouts are likely to continue. If they continue, the current estimated annualized returns would be 1.40% for The Charles Schwab Corporation, 2.21% for SouthState Corp and 3.13% for First Commonwealth Financial Corp.

In Wednesday trading, shares of Charles Schwab Corporation are currently up about 0.5%, shares of SouthState Corp are up about 2.2% and shares of First Commonwealth Financial Corp are up about 2%.

Click here to learn which 25 SAFE dividend stocks should be on your radar screen »

See also:

• Funds that hold NERD
• Institutional holders of NGE
• Funds that hold CCOR

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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