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. Holders of depositary shares will receive $0.44525 per depositary share. The dividend is payable on September 30, 2022, to record holders by September 15, 2022.

Triumph Bancorp offers a diversified line of payments, factoring, and banking services from its headquarters in Dallas, Texas.

Positive

• Quarterly cash dividend of $17.81 indicates strong shareholder returns.
• Confident dividend announcement reflects financial stability.

Negative

• No significant negative aspects reported.

DALLAS, Aug. 31, 2022 (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, 2022, to holders of record at the close of business on September 15, 2022.

About Triumph
Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas, offering a diversified line of payments, factoring, and banking services. 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 14, 2022. 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 dividend for Q3 2022?

The dividend amount is $17.81 per share.

When will the dividend be paid to shareholders of Triumph Bancorp?

The dividend will be payable on September 30, 2022.

Who are the record holders for the Triumph Bancorp dividend?

Record holders are those on file as of September 15, 2022.

What is the yield of Triumph Bancorp's preferred stock?

The yield on the Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock is 7.125%.

Is the dividend of Triumph Bancorp sustainable?

The dividend reflects the company's current financial strength, although investors should monitor future earnings.