Veritex Holdings, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Veritex Holdings, Inc. (Nasdaq: VBTX) has announced a quarterly cash dividend of $0.20 per share on its common stock. The dividend is set to be paid on or after November 23, 2021, to shareholders recorded as of the close of business on November 10, 2021. This marks a continued commitment to returning value to shareholders, showcasing Veritex's financial strength and operational stability. The company operates through Veritex Community Bank, mainly serving the Dallas-Fort Worth and Houston areas.

Positive

• Quarterly cash dividend of $0.20 per share announced.
• Dividend payment scheduled for November 23, 2021, reflecting confidence in cash flow.

Negative

• None.

DALLAS, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Veritex Holdings, Inc. (Nasdaq: VBTX) (“Veritex” or the “Company”), the parent holding company for Veritex Community Bank, today announced the declaration of a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend will be paid on or after November 23, 2021 to shareholders of record as of the close of business on November 10, 2021.

About Veritex Holdings, Inc.

Headquartered in Dallas, Texas, Veritex is a bank holding company that conducts banking activities through its wholly-owned subsidiary, Veritex Community Bank, with locations throughout the Dallas-Fort Worth metroplex and in the Houston metropolitan area. Veritex Community Bank is a Texas state chartered bank regulated by the Texas Department of Banking and the Board of Governors of the Federal Reserve System. For more information, visit www.veritexbank.com.

Forward Looking Statement

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements include statements regarding Veritex's projected plans and objectives, including the expected payment date of its common stock dividend. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “prospects” or “potential,” by future conditional verbs such as “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties which change over time. Forward-looking statements speak only as of the date they are made and Veritex assumes no duty to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Source: Veritex Holdings, Inc.

FAQ

What is the dividend amount for VBTX announced in October 2021?

Veritex Holdings announced a quarterly cash dividend of $0.20 per share.

When will the dividend for VBTX be paid?

The dividend will be paid on or after November 23, 2021.

What is the record date for the VBTX dividend?

The record date for the dividend is November 10, 2021.

Is the dividend for VBTX sustainable?

The announcement of the dividend suggests a strong cash flow, but sustainability would depend on future financial performance.