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 non-cumulative perpetual preferred stock. Shareholders will receive a dividend of $0.421875 per depositary share of Series A (TSCAP) and $0.3984375 per depositary share of Series B (TSCBP), with payments scheduled for July 1, 2021 to holders of record as of June 15, 2021. Additionally, a dividend of 0.01725 shares of Series C and cash amounting to $15,437.50 will also be distributed. These dividends reflect the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly dividends declared for Series A ($0.421875) and Series B ($0.3984375) preferred stock, indicating company profitability.
• Dividend payment on July 1, 2021 demonstrates financial stability.

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 July 1, 2021 to holders of record as of June 15, 2021.

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

A dividend of 0.01725 shares of Series C Non-Cumulative Perpetual Preferred Stock and cash in the amount of $15,437.50 is payable on July 1, 2021 to the holder of record as of June 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 $10.49 billion in assets as of March 31, 2021, 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 $11.20 billion in assets under management as of March 31, 2021, 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/20210505005820/en/

FAQ

What is the dividend amount for TSCAP?

$0.421875 per depositary share, payable on July 1, 2021.

What is the dividend amount for TSCBP?

$0.3984375 per depositary share, payable on July 1, 2021.

When will the dividends for TSCAP and TSCBP be paid?

The dividends will be paid on July 1, 2021.

What is the record date for the dividends?

The record date for the dividends is June 15, 2021.

Are there any dividends for Series C preferred stock?

Yes, a dividend of 0.01725 shares and $15,437.50 in cash will be paid.