Customers Bancorp, Inc. Declares Quarterly Cash Dividend on Its Series C, Series D, Series E, and Series F Preferred Stock

Rhea-AI Summary

Customers Bancorp, Inc. (NYSE:CUBI) announced quarterly dividends for its Preferred Stocks. Series C will pay $0.350359 per share, Series D will pay $0.33694233 per share, Series E will pay $0.403125 per share, and Series F will pay $0.375 per share. All dividends are payable on June 15, 2021, to shareholders of record as of May 31, 2021. The bank, with approximately $18.8 billion in assets as of March 31, 2021, offers a range of banking services to small and medium-sized businesses, families, and individuals.

Positive

• Quarterly cash dividends declared for multiple preferred stock series, enhancing shareholder income.
• Total assets of approximately $18.8 billion as of March 31, 2021, indicating strong financial stability.

Negative

• None.

Customers Bancorp, Inc. (NYSE:CUBI) announced the Board of Directors declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C (NYSE: CUBIPrC) of $0.350359 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.

The Board of Directors also declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (NYSE: CUBIPrD) of $0.33694233 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.

The Board of Directors declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E (NYSE: CUBIPrE) of $0.403125 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.

The Board of Directors declared a quarterly cash dividend on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series F (NYSE: CUBIPrF) of $0.375 per share. The dividend is payable on June 15, 2021 to shareholders of record on May 31, 2021.

About Customers Bank

Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, is a full-service super-community bank with assets of approximately $18.8 billion at March 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. Additional information can be found on the company’s website, www.customersbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210430005513/en/

FAQ

What is the dividend payment date for CUBI's preferred stocks?

The dividends for CUBI's preferred stocks are payable on June 15, 2021.

How much is the dividend for Series C preferred stock?

The dividend for Series C preferred stock is $0.350359 per share.

What is the dividend for Series D preferred stock?

The dividend for Series D preferred stock is $0.33694233 per share.

When is the record date for the CUBI dividend?

The record date for the CUBI dividend is May 31, 2021.

What are the dividends for Series E and F preferred stocks?

Series E pays $0.403125 per share and Series F pays $0.375 per share.