10 Best Bank Dividend Stocks To Buy Right Now

4. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 74

The Charles Schwab Corporation (NYSE:SCHW) is an American multinational financial services company that offers investing and commercial banking services to its consumers. On January 13, the company introduced the Schwab Core Bond ETF, marking its second actively managed fixed-income ETF. This follows the launch of the Schwab Ultra-Short Income ETF in August 2024. The new offering allows investors to benefit from the firm’s portfolio management expertise while also leveraging the advantages of an ETF structure.

In the fourth quarter of 2024, The Charles Schwab Corporation (NYSE:SCHW) reported revenue of $5.3 billion, which showed a 20% growth from the same period last year. Revenue growth was driven by increased client activity, as the number of active brokerage accounts grew by 5% to 36.5 million, highlighting the company’s success in attracting new clients with competitive services. The ongoing integration of TD Ameritrade further strengthened its position, adding $1.6 trillion in client assets to Schwab’s platform. Net interest revenue totaled $2.53 billion, while asset management and administration fees generated $1.5 billion.

The Charles Schwab Corporation (NYSE:SCHW)’s cash position also remained strong in the most recent quarter. The company ended the quarter with over $42 million available in cash and cash equivalents, compared with $35 million in the previous quarter. On January 29, the company declared an 8% hike in its quarterly dividend to $0.27 per share. The stock supports a dividend yield of 1.33%, as of February 13. It is one of the best dividend stocks on our list as the company has maintained its regular dividends since 1990.