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Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series E and Series F Preferred Stock
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Customers Bancorp, Inc. (NYSE: CUBI) has declared a quarterly cash dividend of $0.333922 per share on its Series E Preferred Stock and $0.310297 on Series F Preferred Stock. Both dividends are set for payment on March 15, 2022, to shareholders recorded by February 28, 2022. The bank, with assets of approximately $19.6 billion as of December 31, 2021, offers a range of financial services through its subsidiary, Customers Bank.
Positive
Declared a dividend of $0.333922 per share for Series E and $0.310297 for Series F, demonstrating consistent income for shareholders.
Negative
None.
WEST READING, Pa.--(BUSINESS WIRE)--
Customers Bancorp, Inc. (NYSE: CUBI) announced that the Board of Directors has declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.333922 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.
The Board of Directors has also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $ 0.310297 per share. The dividend is payable on March 15, 2022, to shareholders of record on February 28, 2022.
About Customers Bancorp
Customers Bancorp, Inc. (NYSE:CUBI) is a bank holding company which provides financial services through its subsidiary Customers Bank, a full-service super-community bank with assets of approximately $19.6 billion at December 31, 2021. A member of the Federal Reserve System with deposits insured by the Federal Deposit Insurance Corporation, Customers Bank is an equal opportunity lender that provides a range of banking and lending services to small and medium-sized businesses, professionals, individuals, and families. Services and products are available wherever permitted by law through digital-first apps, online portals, and a network of offices and branches. Customers Bank provides blockchain-based digital payments via the Customers Bank Instant Token (CBITTM) which allows clients to make instant payments in U.S. dollars, 24 hours a day, 7 days a week, 365 days a year. More at www.customersbank.com.
What is the dividend amount for Customers Bancorp's Series E and Series F preferred stocks?
The dividend for Series E is $0.333922 per share, and for Series F, it is $0.310297 per share.
When will the dividends for Customers Bancorp be paid?
The dividends are payable on March 15, 2022.
What is the record date for Customers Bancorp's dividends?
The record date for the dividends is February 28, 2022.
What is the significance of Customers Bancorp's dividend announcement?
The announcement reflects the company's ability to provide consistent income to shareholders.
How does Customers Bancorp's dividend compare to industry standards?
The dividends indicate a positive cash flow and commitment to returning value to shareholders, but comparison with industry standards would require specific data.
