Triumph Bancorp Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock

Rhea-AI Summary

Triumph Bancorp (NASDAQ: TBK) announced a quarterly cash dividend of $0.44525 per depositary share, amounting to $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend is set to be paid on December 30, 2021, to shareholders on record as of December 15, 2021. This declaration reflects the company’s commitment to delivering shareholder value through its diversified line of banking and financial services.

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• Declaration of a quarterly cash dividend of $0.44525 per depositary share, showcasing shareholder returns.
• Continued confidence displayed through the issuance of dividends, indicating financial stability.

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• None.

DALLAS, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (the “Company”) (Nasdaq: TBK) today announced the Company’s Board of Directors declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NASDAQ: TBKCP), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.44525 per depositary share. The dividend is payable on December 30, 2021, to holders of record at the close of business on December 15, 2021.

About Triumph
Triumph Bancorp, Inc. (NASDAQ: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of banking, payments, and factoring services through its banking subsidiary, TBK Bank, SSB. www.triumphbancorp.com

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 12, 2021. Forward-looking statements speak only as of the date made, and Triumph undertakes no duty to update the information.

Source: Triumph Bancorp, Inc.

Investor Relations:
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com
214-365-6936

Media Contact:
Amanda Tavackoli
Senior Vice President, Director of Corporate Communication
atavackoli@tbkbank.com
214-365-6930

FAQ

What is the amount of Triumph Bancorp's latest dividend?

Triumph Bancorp declared a dividend of $0.44525 per depositary share, equivalent to $17.81 per share.

When will the dividend for Triumph Bancorp be paid?

The dividend will be paid on December 30, 2021.

Who is eligible to receive the dividend from Triumph Bancorp?

Holders of record as of December 15, 2021, are eligible to receive the dividend.

How frequently does Triumph Bancorp pay dividends?

Triumph Bancorp pays dividends quarterly on its preferred stock.

What type of stock does the dividend apply to at Triumph Bancorp?

The dividend applies to the 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock.