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

Rhea-AI Summary

Triumph Bancorp, Inc. (Nasdaq: TBK) announced a quarterly cash dividend of $0.44525 per depositary share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This dividend is payable on March 30, 2022, to shareholders of record as of March 15, 2022. The dividend declaration reflects the company’s commitment to returning value to its shareholders amidst its diversified financial service offerings.

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• Quarterly dividend declared at $0.44525 per depositary share, indicating strong shareholder return.

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• None.

DALLAS, Feb. 28, 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 March 30, 2022, to holders of record at the close of business on March 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 dividend amount for TBK in March 2022?

The dividend amount for Triumph Bancorp (TBK) is $0.44525 per depositary share.

When is the dividend payable for TBK shareholders?

The dividend for TBK shareholders is payable on March 30, 2022.

What is the record date for TBK's dividend?

The record date for Triumph Bancorp's dividend is March 15, 2022.

How often does Triumph Bancorp declare dividends?

Triumph Bancorp typically declares dividends quarterly, as evidenced by this announcement.