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April 27, 2006|From Bloomberg News

Charles Schwab Corp. raised its dividend by 20%, the fifth increase in two years, amid rising profit and client assets that climbed to a record $1.28 trillion last quarter. The board of directors approved the increase to 3 cents a share at a meeting Wednesday, San Francisco-based Schwab said. Schwab shares rose 24 cents to $17.71.

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