The Board of Directors of The Charles Schwab Corporation has declared a semi-annual dividend on the outstanding Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series A in the amount of $35 per share. The dividend is payable on August 1, 2013, to stockholders of record at the close of business on July 17, 2013.

The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per common share. The dividend is payable on May 24, 2013 to stockholders of record May 10, 2013. The Board of Directors of the company has also declared a regular quarterly dividend on the outstanding Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $15.00 per share or $0.375 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock. The dividend is payable June 1, 2013, to stockholders of record at the close of business on May 17, 2013.

The Charles Schwab Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total net revenues of $1,290 million, compared to $1,189 million for the last year. Income before taxes on income was $331 million, compared to $313 million for the last year. Net income available to common stockholders was $198 million or $0.15 per basic and diluted share, compared to $195 million or $0.15 per basic and diluted share for the last year. Interest revenue was $497 million against $472 million a year ago. Net interest revenue was $469 million against $434 million a year ago. Return on average common stockholders' equity (annualized) was 9%, compared to 10% for the last year. Capital expenditures - cash purchases of equipment, office facilities, and property were $45 million, compared to $34 million for the last year. For the year, earnings picture for 2013 hasn't changed - the temporary and seasonal factors elevating first quarter compensation and benefits expense will fade and the company is taking action to address the evolving revenue outlook for the year. Right now, that outlook includes balance and spread-related revenues that are mostly in line with expectations and trading activity that remains more muted than planned. In addition to careful headcount management, the company is also adjusting planned spending for projects and marketing so that targeted expense growth slows but continues to allow for both increased investment in clients and improvement in profit-margin and earnings for 2013. Net impairment losses on securities for the first quarter of 2013 were $4 million, compared to $18 million for the last year.