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

Rhea-AI Summary

Triumph Bancorp (Nasdaq: TBK) declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, equating to $0.44525 per depositary share. This dividend will be payable on March 30, 2021, to shareholders on record as of March 15, 2021. Triumph Bancorp is a financial holding company headquartered in Dallas, Texas, offering a variety of banking and finance products through TBK Bank.

Positive

• Quarterly cash dividend of $17.81 per share announced.
• Confidence shown in shareholder returns with preferred stock dividend.

Negative

• No significant negative aspects identified.

DALLAS, Feb. 26, 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 March 30, 2021, to holders of record at the close of business on March 15, 2021.

About Triumph
Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas.  Triumph offers a diversified line of community banking, national lending, and commercial finance 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 (TBK)?

Triumph Bancorp declared a quarterly cash dividend of $17.81 per share.

When is the dividend payable for Triumph Bancorp (TBK)?

The dividend is payable on March 30, 2021.

What is the record date for the dividend payment by Triumph Bancorp (TBK)?

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

How much will holders of depositary shares receive as a dividend?

Holders of depositary shares will receive $0.44525 per depositary share.

What type of stock is the dividend declared on by Triumph Bancorp (TBK)?

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