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Actionable news in SCHW: THE CHARLES SCHWAB CORPORATION,

Charles Schwab (SCHW) Stock Climbs After Hiking Dividend

NEW YORK (TheStreet) -- Charles Schwab (SCHW - Get Report) stock is rising by 2.01% to $29.72 in mid-afternoon trading on Friday after raising its dividend by 1 cent.

The company's board declared a 17% increase to the quarterly cash dividend to 7 cents per share.

The dividend is payable on May 27 to shareholders of record as of May 13.

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