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 is equivalent to $0.359375 per depositary share, with each depositary share representing a 1/40th interest in a share of the Series B Preferred Stock. The dividend will be payable on March 15, 2022, to shareholders on record as of March 1, 2022.

Positive

• Cash dividend of $14.375 per preferred share boosts shareholder income.
• Dividend payment scheduled for March 15, 2022, reflects company confidence.

Negative

• None.

DALLAS, Jan. 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 depository shares are traded on the NASDAQ under the symbol “TCBIO”. The Series B Preferred Stock dividend is payable on March 15, 2022, to holders of record at the close of business on March 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, N.A. 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. Member FDIC.

INVESTOR CONTACT
Jamie Britton, 214.932.6721
Jamie.Britton@texascapitalbank.com

MEDIA CONTACT
Shannon Wherry, 469.399.8527
shannon.wherry@texascapitalbank.com

 

FAQ

What is the cash dividend declared by Texas Capital Bancshares in January 2022?

Texas Capital Bancshares declared a cash dividend of $14.375 per share of its Series B Preferred Stock.

When will the dividend for TCBI be paid?

The dividend will be paid on March 15, 2022.

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

The record date for the dividend payment is March 1, 2022.

What are the terms of the Series B Preferred Stock dividend?

The Series B Preferred Stock dividend is a fixed rate of 5.75%.

What is the equivalent amount per depositary share for TCBI's dividend?

The equivalent amount per depositary share is $0.359375.