OTHER NEWS - Oct. 23, 1991
From Times Staff and Wire Reports
Schwab Declares Stock Split: Charles Schwab Corp. declared a 3-for-2 split of the company’s common stock to be effected in the form of a 50% stock dividend. The additional shares issued for the stock dividend will be payable Dec. 2 to stockholders of record Nov. 4 at the rate of one half of a share for every share of stock held. In addition, the board of the San Francisco-based brokerage increased the quarterly cash dividend 20% to 6 cents per common share from the 5-cent rate set July 17, 1991. The increased dividend is payable Nov. 15 to stockholders of record Nov. 4.
