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$SCHW said its BoD declared a one cent, or 17%, increase in its quarterly cash dividend beginning with 2Q. The current payout of $0.07 per common share is consistent with the company's target range of 20-30% of earnings. $SCHW currently expects to transfer up to $8Bil in money fund balances to Schwab Bank during 2H16.
Biodefense therapeutics firm $PIP announced an all-stock merger with biotech Altimmune. The respective boards of the two companies unanimously approved the merger.
$YHOO is reporting today after market close. Nobody cares about this stock.