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 cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each depositary share, representing a 1/40th interest in a share, will pay $0.44525. The dividend is set for December 30, 2022, with a record date of December 15, 2022. This announcement underscores Triumph's commitment to shareholder returns amidst its diversified financial services.

Positive

• Quarterly cash dividend of $17.81 per share highlights strong financial performance.
• Dividend payment of $0.44525 per depositary share enhances investor returns.

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• None.

DALLAS, Nov. 30, 2022 (GLOBE NEWSWIRE) -- November 30, 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 December 30, 2022, to holders of record at the close of business on December 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 upcoming dividend amount for Triumph Bancorp (TBK)?

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

When will the dividend for Triumph Bancorp (TBK) be paid?

The dividend is payable on December 30, 2022.

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

The record date for the dividend is December 15, 2022.

How much will holders of depositary shares receive from the Triumph Bancorp (TBK) dividend?

Holders of depositary shares will receive $0.44525 per share.