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 (NASDAQ: TBKCP). Holders of depositary shares will receive $0.44525 per share. This dividend is payable on June 30, 2022, to shareholders on record by June 15, 2022.

Triumph Bancorp serves a variety of financial services including payments, factoring, and banking from its base in Dallas, Texas.

Positive

• Quarterly cash dividend declared at $17.81 per share.
• Dividend of $0.44525 per depositary share enhances shareholder income.
• Strong commitment to returning value to shareholders.

Negative

• None.

DALLAS, May 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 June 30, 2022, to holders of record at the close of business on June 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 declared by Triumph Bancorp (TBK)?

Triumph Bancorp declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock.

When will the dividend be paid to shareholders of TBK?

The dividend is payable on June 30, 2022, to holders of record as of June 15, 2022.

What benefits do depositary shares provide for TBK shareholders?

Holders of depositary shares receive $0.44525 per share as part of the dividend distribution.

How does the dividend impact shareholders of Triumph Bancorp?

The declared dividend increases shareholder income and demonstrates the company's commitment to returning value.