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

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) declared a cash dividend of $0.40625 per share for its Series A Preferred Stock and $14.375 per share for its Series B Preferred Stock. These dividends are payable on June 15, 2021, to shareholders on record by June 1, 2021. The Series A Preferred Stock trades under the symbol TCBIP, and the Series B under TCBIO.

Texas Capital Bank offers personalized financial services, serving the community from locations in major Texas cities.

Positive

• Declaration of cash dividends enhances shareholder income.
• Strong dividend amounts reflect company confidence in financial stability.

Negative

• None.

DALLAS, April 27, 2021 (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 $0.40625 per share of the 6.50% Non-Cumulative Perpetual Preferred Stock, Series A (the “Series A Preferred Stock”), which is traded on the NASDAQ under the symbol “TCBIP”. The Series A Preferred Stock dividend is payable on June 15, 2021, to shareholders of record at the close of business on June 1, 2021.

TCBI and its board of directors also 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 1/40^th interest in a share of the Series B Preferred Stock. The depository shares are traded on the NASDAQ under the symbol “TCBIO”. The Series B Preferred Stock dividend is payable on June 15, 2021, to holders of record at the close of business on June 1, 2021.

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 commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio.

FAQ

What is the dividend amount for Texas Capital Bancshares, TCBI?

The dividend for Series A is $0.40625 per share, and for Series B, it is $14.375 per share.

When will Texas Capital Bancshares pay dividends?

Dividends are payable on June 15, 2021, to shareholders of record by June 1, 2021.

What symbols are associated with Texas Capital Bancshares dividends?

The Series A Preferred Stock trades under TCBIP, and the Series B Preferred Stock trades under TCBIO.

How often does Texas Capital Bancshares issue dividends?

The frequency of dividends is typically quarterly, but this varies by share class.

Are the dividends from Texas Capital Bancshares sustainable?

The dividends reflect the company's current financial health, but investors should monitor ongoing performance.