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Cadence Bancorporation (NYSE: CADE) announced a quarterly cash dividend of $0.158 per share, equating to an annualized rate of $0.632 per share. This dividend will be disbursed on or about October 22, 2021, to stockholders on record as of October 18, 2021. Cadence Bank, with assets totaling $18.7 billion as of June 30, 2021, operates 99 branches across six states and offers a comprehensive range of financial services, ensuring clients have access to advanced banking solutions.
Positive
Quarterly cash dividend of $0.158 per share indicates strong financial health.
Annualized dividend of $0.632 per share reflects commitment to returning value to shareholders.
Total assets of $18.7 billion as of June 30, 2021, demonstrate stability and growth potential.
Negative
None.
HOUSTON--(BUSINESS WIRE)--
Cadence Bancorporation (NYSE: CADE) today announced a quarterly cash dividend in the amount of $0.158 per share of outstanding common stock, representing an annualized dividend of $0.632 per share. The dividend will be paid on or about October 22, 2021 to holders of record of Cadence’s Class A common stock as of close of business on October 18, 2021.
About Cadence Bancorporation
Cadence Bancorporation (NYSE: CADE), headquartered in Houston, Texas, is a regional financial holding company with $18.7 billion in assets as of June 30, 2021. Its wholly owned subsidiary, Cadence Bank, N.A., operates 99 branch locations in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas, and provides corporations, middle-market companies, small businesses and consumers with a full range of innovative banking and financial solutions. Cadence Bank’s services and products include commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, personal and business insurance, consumer banking, consumer loans, mortgages, home equity lines and loans, and credit cards. The bank’s clients have access to leading-edge online and mobile solutions, interactive teller machines, and more than 55,000 ATMs. The Cadence Bank team of more than 1,800 associates is committed to exceeding customer expectations and helping their clients succeed financially. Cadence Bank, N.A. Member FDIC. Equal Housing Lender. NMLS#525022.
