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

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a cash dividend of $14.375 per share on its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This translates to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on December 15, 2021, for shareholders on record as of December 1, 2021. This announcement reflects the company's commitment to returning value to its shareholders.

Positive

• Declared a cash dividend of $14.375 per share, indicating strong financial health and commitment to shareholders.
• Dividend is payable on December 15, 2021, providing immediate income to shareholders.

Negative

• None.

DALLAS, Oct. 25, 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 $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 depository shares are traded on the NASDAQ under the symbol “TCBIO”. The Series B Preferred Stock dividend is payable on December 15, 2021, to holders of record at the close of business on December 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. We are headquartered in Dallas, Texas, and work with clients across the country. For more information, please visit www.texascapitalbank.com. Member FDIC.

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 for TCBI payable?

The dividend is payable on December 15, 2021.

What is the record date for TCBI's dividend?

The record date for the dividend is December 1, 2021.

How much is each depositary share worth for TCBI's Series B Preferred Stock?

Each depositary share is worth $0.359375.