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 $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depositary share entitles holders to receive $0.44525, payable on September 30, 2021, to shareholders on record by September 15, 2021. This dividend reflects the company’s ongoing commitment to returning value to its investors.

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• Declared quarterly cash dividend of $17.81 per share.
• Dividend reflects ongoing commitment to shareholder value.

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• None.

DALLAS, Aug. 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 September 30, 2021, to holders of record at the close of business on September 15, 2021.

About Triumph

Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas.  Triumph offers a diversified line of banking, payments, and factoring services products through its bank 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 dividend amount declared by Triumph Bancorp on August 30, 2021?

Triumph Bancorp declared a dividend of $17.81 per share.

When will the dividend be paid for Triumph Bancorp's preferred stock?

The dividend will be paid on September 30, 2021.

What is the record date for the dividend payment of Triumph Bancorp?

The record date for the dividend payment is September 15, 2021.

What is the dividend per depositary share for Triumph Bancorp?

The dividend per depositary share is $0.44525.