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

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A non-cumulative perpetual preferred stock, trading under the symbol TCBIP. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. The company serves various financial needs with a strong presence in major Texas cities, enhancing its position in the market.

Positive

• Declared a cash dividend of $0.40625 per share, demonstrating commitment to returning value to shareholders.
• Scheduled payment date of December 15, 2020, offering timely income to investors.

Negative

• None.

DALLAS, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol “TCBIP”. The Series A Preferred Stock dividend is payable on December 15, 2020, to shareholders of record at the close of business on December 1, 2020.

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, symbol TCBI?

The dividend amount is $0.40625 per share for the Series A preferred stock.

When is the dividend payable for TCBI shareholders?

The dividend is payable on December 15, 2020.

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

The record date for the dividend payment is December 1, 2020.