Veritex Holdings, Inc. Declares Cash Dividend on Common Stock

Rhea-AI Summary

Veritex Holdings, Inc. (Nasdaq: VBTX) has declared a quarterly cash dividend of $0.17 per share on its outstanding common stock. This dividend will be paid on or after November 19, 2020 to shareholders of record as of the close of business on November 5, 2020. Headquartered in Dallas, Texas, Veritex operates through its subsidiary, Veritex Community Bank, which is regulated by the Texas Department of Banking and the Federal Reserve System.

Positive

• Declared quarterly cash dividend of $0.17 per share.
• Dividend boosts shareholder income.

Negative

• None.

DALLAS, Oct. 27, 2020 (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 $0.17 per share on its outstanding common stock. The dividend will be paid on or after November 19, 2020 to shareholders of record as of the close of business on November 5, 2020.

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 declared by Veritex Holdings on October 27, 2020?

Veritex Holdings declared a dividend of $0.17 per share.

When will Veritex Holdings pay its dividend?

The dividend will be paid on or after November 19, 2020.

What is the record date for Veritex Holdings' dividend?

The record date for the dividend is November 5, 2020.

How often does Veritex Holdings pay dividends?

Veritex Holdings typically pays dividends quarterly.

Is the dividend from Veritex Holdings sustainable?

The sustainability of the dividend can vary based on the company's financial performance.