TriState Capital Declares Quarterly Dividends on Perpetual Preferred Stock

Rhea-AI Summary

The Board of Directors of TriState Capital Holdings declared quarterly cash dividends on its non-cumulative perpetual preferred stock. A dividend of $0.421875 per depositary share of Series A Preferred Stock (TSCAP) and $0.3984375 per depositary share of Series B Preferred Stock (TSCBP) are payable on January 4, 2021, to holders of record as of December 15, 2020.

TriState Capital, headquartered in Pittsburgh, provides commercial and private banking, along with investment management to middle-market companies and high-net-worth individuals.

Positive

• Regular quarterly dividends indicate strong cash flow management.
• Confidence in maintaining preferred stock dividends supports investor trust.

Negative

• None.

PITTSBURGH--(BUSINESS WIRE)--The Board of Directors of TriState Capital Holdings, Inc. (Nasdaq: TSC) declared quarterly cash 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 January 4, 2021 to holders of record as of December 15, 2020.

A dividend of $0.3984375 per depositary share of Series B Non-Cumulative Perpetual Preferred Stock (Nasdaq: TSCBP) is payable on January 4, 2021 to holders of record as of December 15, 2020.

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 $9.41 billion in assets as of September 30, 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 $9.65 billion in assets under management as of September 30, 2020, and serves institutional clients and TriState Capital’s financial intermediary network. For more information, please visit http://investors.tristatecapitalbank.com.