Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has announced a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This dividend, which amounts to $0.359375 per depositary share, is payable on June 15, 2022, to shareholders on record as of June 1, 2022. This reflects the company's commitment to providing returns to its investors while supporting its operational capabilities.

Positive

• Dividend declared signifies strong financial health and commitment to shareholders.
• Dividend amount of $14.375 per share demonstrates confidence in ongoing profitability.

Negative

• None.

DALLAS, April 25, 2022 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depositary shares are traded on the NASDAQ under the symbol “TCBIO.” The Series B Preferred Stock dividend is payable on June 15, 2022, to holders of record at the close of business on June 1, 2022.

About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000 Index and the S&P MidCap 400, is the parent company of Texas Capital Bank, a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities.

FAQ

What is the dividend amount for TCBI's Series B Preferred Stock?

The dividend amount is $14.375 per share.

When is the dividend payment date for the Series B Preferred Stock?

The dividend is payable on June 15, 2022.

What is the record date for TCBI's dividend payment?

The record date is June 1, 2022.

How much is each depositary share worth in the dividend?

Each depositary share represents $0.359375 in the dividend.

What is the significance of TCBI's dividend announcement?

The announcement indicates the company's strong financial performance and commitment to shareholder returns.