This increase reflects the boards confidence in our ability to continue to deliver consistent earnings and cash flow while maintaining strong relationships with our clients, Chairman Charles Schwab said in a statement.

Based in San Francisco, Charles Schwabengages in wealth management, securities brokerage, banking, money management and financial advisory services.

Separately, TheStreet Ratings team rates the stock as a buy with a ratings score of B-.

Charles Schwabs strengths such as itsrevenue growth, impressive record of earnings per share growth and compelling growth in net incomeoutweigh the fact that the company has had lackluster performance in the stock itself.

You can view the full analysis from the report here: SCHW

TheStreet Ratings objectively rated this stock according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramers view or that of this articles author.