TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of TriState Capital Holdings declared quarterly dividends on its preferred stock. A dividend of $0.421875 per depositary share of Series A (TSCAP) and $0.3984375 for Series B (TSCBP) is payable on April 1, 2021, to holders of record as of March 15, 2021. Additionally, a dividend of 0.01725 shares per depositary share for Series C is also payable on the same date, along with $21,250.00 cash. TriState Capital Holdings provides banking and investment services, reporting $9.8 billion in assets as of December 31, 2020.

Positive

• Quarterly dividends reaffirm company’s commitment to returning value to shareholders.
• Dividend amounts signify stable financial health and confidence in future performance.

Negative

• None.

The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly dividends on the company’s outstanding non-cumulative perpetual preferred stock.

A dividend of $0.421875 per depositary share of Series A Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCAP) is payable on April 1, 2021 to holders of record as of March 15, 2021.

A dividend of $0.3984375 per depositary share of Series B Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCBP) is payable on April 1, 2021 to holders of record as of March 15, 2021.

A dividend of 0.01725 shares per depositary share of Series C Non-Cumulative Perpetual Preferred Stock and cash in the amount of $21,250.00 is payable on April 1, 2021 to the holder of record as of March 15, 2021.

ABOUT TRISTATE CAPITAL

TriState Capital Holdings, Inc. (Nasdaq: TSC) is a bank holding company headquartered in Pittsburgh, PA, providing commercial banking, private banking and investment management services to middle-market companies, institutional clients and high-net-worth individuals. Its TriState Capital Bank subsidiary had $9.8 billion in assets as of December 31, 2020, and serves middle-market commercial customers through regional representative offices in Pittsburgh, Philadelphia, Cleveland, Edison, N.J., and New York City, as well as high-net-worth individuals nationwide through its national referral network of financial intermediaries. Its Chartwell Investment Partners subsidiary had $10.3 billion in assets under management as of December 31, 2020 and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210201005833/en/

FAQ

What is the dividend for TriState Capital Holdings' Series A preferred stock (TSCAP)?

The dividend for Series A preferred stock (TSCAP) is $0.421875 per depositary share, payable on April 1, 2021.

When is the dividend payment date for TriState Capital preferred stocks?

Dividends for all preferred stocks are payable on April 1, 2021.

What is the dividend amount for TriState Capital's Series B preferred stock (TSCBP)?

The dividend for Series B preferred stock (TSCBP) is $0.3984375 per depositary share.

What dividend will holders of Series C preferred stock receive?

Holders of Series C preferred stock will receive 0.01725 shares per depositary share and $21,250.00 cash.

What date do record holders need to be noted for dividends in TriState Capital?

Record holders must be noted by March 15, 2021, to receive the dividends.