Charles Schwab (SCHW) will raise its quarterly dividend by 25 percent to $0.10 per share in the first quarter of 2018. This follows a 14.3 percent dividend hike in 2017.

The dividend is payable February 23, 2018 to stockholders of record as of the close of business on February 9, 2018. The new dividend rate is consistent with the company’s target range of approximately 20 - 30 percent of net income.

The Charles Schwab Corporation is financial services provider. The company's products and services include brokerage accounts, corporate retirement plans, banking accounts, and management of client assets. 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., and affiliates offer a complete range of investment services and products including a 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 provides banking and lending services and products.