SAN FRANCISCO, Oct. 20 /PRNewswire-FirstCall/ -- The Board of Directors of The Charles Schwab Corporation at its meeting today declared a 13.6% increase to the quarterly dividend on the company's common stock to $0.025 a share. The dividend is payable November 23, 2005 to stockholders of record November 9, 2005. The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Schwab provides a complete range of securities brokerage services and products, including an extensive marketplace of mutual funds; financial planning and investment advice; retirement plans; banking products and services; and referrals to a select group of independent fee-based investment advisors. Schwab is also the leading provider of custodial, operational and trading support for independent fee-based investment advisors. The corporation's operating subsidiaries include: Charles Schwab & Co., Inc. (member SIPC), U.S. Trust Corporation (member FDIC), CyberTrader(R), Inc. (member SIPC), and Charles Schwab Bank (member FDIC). These companies' Web sites can be reached at http://www.schwab.com/, http://www.ustrust.com/, http://www.cybertrader.com/, and http://www.schwabbank.com/, respectively. DATASOURCE: Charles Schwab CONTACT: Media, Glen Mathison, +1-415-636-5448, or Investors/Analysts, Rich Fowler, +1-415-636-9869, both of Charles Schwab Web site: http://www.schwab.com/

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