Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.34 per share, payable on November 25, 2022, to shareholders of record by November 10, 2022. Additionally, dividends were approved for the 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, and the 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, both payable on January 15, 2023, to record shareholders as of January 1, 2023.

Positive

• Quarterly cash dividend of $0.34 per share announced.
• Preferred stock dividends demonstrate ongoing shareholder returns.

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• None.

ROSEMONT, Ill., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.34 per share of outstanding common stock. The dividend is payable on November 25, 2022 to shareholders of record as of November 10, 2022.

Additionally, the Company’s Board of Directors approved quarterly cash dividends on outstanding shares of the Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D and of the Company’s 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. Each dividend is payable on January 15, 2023 to shareholders of record as of January 1, 2023.

About Wintrust

Wintrust is a financial holding company with assets of approximately $52 billion whose common stock is traded on the Nasdaq Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 170 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's most recent Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, Founder & Chief Executive Officer
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com

FAQ

What is the dividend amount for Wintrust Financial Corporation (WTFC)?

Wintrust Financial Corporation announced a quarterly cash dividend of $0.34 per share.

When will the dividend be paid by Wintrust Financial Corporation (WTFC)?

The dividend will be paid on November 25, 2022.

When is the record date for Wintrust Financial Corporation (WTFC) dividend?

The record date for the dividend is November 10, 2022.

What are the dividend details for Wintrust's preferred stocks?

Dividends were approved for the 6.50% Series D and 6.875% Series E preferred stocks, both payable on January 15, 2023.

What is the record date for Wintrust's preferred stocks dividends?

The record date for the preferred stocks dividends is January 1, 2023.