TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of TriState Capital Holdings declared quarterly dividends on non-cumulative perpetual preferred stock. A dividend of $0.421875 per depositary share of Series A (TSCAP) is payable on October 1, 2021, to holders of record as of September 15, 2021. Series B (TSCBP) shareholders will receive $0.3984375 per share, also on October 1. Additionally, Series C shareholders will receive 0.01745 shares along with $34,000 in cash on the same date.

Positive

• Dividend payout of $0.421875 per share for Series A, enhancing shareholder returns.
• Dividend payout of $0.3984375 per share for Series B, reflecting company 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 October 1, 2021 to holders of record as of September 15, 2021.

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

A dividend of 0.01745 shares of Series C Non-Cumulative Perpetual Preferred Stock and cash in the amount of $34,000 is payable on October 1 to the holder of record as of September 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 $11.46 billion in assets as of June 30, 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 $11.51 billion in assets under management as of June 30, 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/20210802005814/en/

FAQ

What is the dividend amount for TSCAP?

The dividend amount for Series A Non-Cumulative Perpetual Preferred Stock (TSCAP) is $0.421875 per depositary share.

When will the dividends for TSCAP and TSCBP be paid?

The dividends for both TSCAP and TSCBP will be paid on October 1, 2021.

What is the payment date for the Series C dividend?

The Series C dividend, consisting of 0.01745 shares and $34,000 in cash, will also be payable on October 1, 2021.

Who are the record holders for the dividends?

The record holders for the dividends are those on record as of September 15, 2021.