Cash Dividend On The Way From The Charles Schwab Corporation's Non-Cumulative Perpetual Preferred Stock, Series B

On 8/15/13, The Charles Schwab Corporation's 6.00% Non-Cumulative Perpetual Preferred Stock, Series B (NYSE: SCHW.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 9/3/13. As a percentage of SCHW.PRB's recent share price of $24.43, this dividend works out to approximately 1.53%, so look for shares of SCHW.PRB to trade 1.53% lower -- all else being equal -- when SCHW.PRB shares open for trading on 8/15/13. On an annualized basis, the current yield is approximately 6.08...