10 Best Value Dividend Stocks to Buy According to Billionaires

2. The Charles Schwab Corporation (NYSE:SCHW)

Number of Billionaire Holders: 19

Forward P/E Ratio as of April 13: 18.55

The Charles Schwab Corporation (NYSE:SCHW) is an American financial services company, based in Texas. The company is a pioneer in discount brokerage, has grown into the largest stock brokerage firm, offering a wide range of financial services, including stock trading, retirement accounts, and banking products. In addition to its investment services, Schwab provides a popular checking account with unlimited ATM fee rebates worldwide and no foreign transaction fees. As of January 2025, the company manages $10.33 trillion in assets, up from $10.1 trillion in 2024.

In the fourth quarter of 2024, The Charles Schwab Corporation (NYSE:SCHW) reported $5.3 billion in revenue, a 20% increase from the previous year, driven by higher client activity and a 5% rise in active brokerage accounts to 36.5 million. The integration of TD Ameritrade added $1.6 trillion in client assets, strengthening Schwab’s market position. Net interest revenue reached $2.53 billion, while asset management and administration fees brought in $1.5 billion.

The Charles Schwab Corporation (NYSE:SCHW) maintained a strong cash position, ending the quarter with over $42 billion in cash and cash equivalents, up from $35 billion in the prior quarter. On January 29, the company raised its quarterly dividend by 8% to $0.27 per share. The stock offers a dividend yield of 1.40%, as of April 13. It has been making regular dividends to shareholders since 1990.