TCF Declares Quarterly Cash Dividends

Rhea-AI Summary

TCF Financial Corporation (NASDAQ: TCF) announced the declaration of quarterly cash dividends on its common shares and 5.70% Series C Non-Cumulative Perpetual Preferred Stock. A cash dividend of $0.35 per common share will be payable on March 1, 2021, to stockholders of record as of February 12, 2021. Additionally, a cash dividend of $0.35625 per depositary share will also be distributed on the same date to holders of record. TCF Financial has approximately $48 billion in total assets and operates numerous banking centers across the Midwest.

Positive

• Quarterly cash dividend of $0.35 per common share indicates strong cash flow.
• Consistent dividend payment reflects TCF's commitment to returning value to shareholders.

Negative

• None.

The Board of Directors of TCF Financial Corporation (TCF) (NASDAQ: TCF) today declared quarterly cash dividends on TCF’s common shares and 5.70% Series C Non-Cumulative Perpetual Preferred Stock.

A quarterly cash dividend of $0.35 per common share is payable on March 1, 2021 to stockholders of record at the close of business on February 12, 2021.

A quarterly cash dividend of $0.35625 per depositary share is payable on March 1, 2021 to stockholders of record of the depositary shares, representing a 1/1,000^th interest in a share of the 5.70% Series C Non-Cumulative Perpetual Preferred Stock, at the close of business on February 12, 2021.

About TCF Financial Corporation

TCF Financial Corporation (NASDAQ: TCF) is a Detroit, Michigan-based financial holding company with $48 billion in total assets at December 31, 2020 and a top 10 deposit market share in the Midwest. TCF's primary banking subsidiary, TCF National Bank, is a premier Midwest bank offering consumer and commercial banking, trust and wealth management, and specialty leasing and lending products and services to consumers, small businesses and commercial clients. TCF has approximately 475 banking centers primarily located in Michigan, Illinois and Minnesota with additional locations in Colorado, Ohio, South Dakota and Wisconsin. TCF also conducts business across all 50 states and Canada through its specialty lending and leasing businesses. To learn more about TCF, visit ir.tcfbank.com.

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Source: TCF Financial Corporation

View source version on businesswire.com: https://www.businesswire.com/news/home/20210126006074/en/

FAQ

What is the dividend amount for TCF Financial Corporation?

TCF Financial Corporation declared a quarterly cash dividend of $0.35 per common share.

When will TCF's dividends be paid?

Dividends will be paid on March 1, 2021.

What is the record date for TCF's dividends?

The record date for TCF's dividends is February 12, 2021.

What is the dividend yield for TCF Financial Corporation?

The dividend yield can be calculated based on the stock price and the announced dividend amount.

How often does TCF Financial Corporation pay dividends?

TCF Financial Corporation pays dividends on a quarterly basis.