12 Best Dividend Paying Stocks to Buy Now

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3. The Charles Schwab Corporation (NYSE:SCHW)

Number of Hedge Fund Holders: 100

The Charles Schwab Corporation (NYSE:SCHW) ranks among the largest investment services providers in the US. The company offers brokerage, banking, wealth management, and financial advisory services to both individuals and institutions. Its wide range of products, cost-efficient model, and nationwide branches have helped it attract retail investors, independent financial advisers, and workplace retirement plans.

In recent years, The Charles Schwab Corporation (NYSE:SCHW) has focused on scaling its operations, improving efficiency, and fully integrating TD Ameritrade, which it acquired in 2020, into its overall business. Key drivers of its success include strong cost discipline, effective use of capital, adaptability to regulatory shifts, and continued innovation in wealth management and trading technology.

The Charles Schwab Corporation (NYSE:SCHW) is one of the best dividend paying stocks to buy, as the company has been paying regular dividends to shareholders since 1990. Currently, the company offers a quarterly dividend of $0.27 per share and has a dividend yield of 1.14%, as of September 19.

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