Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.34 per share of common stock, payable on August 25, 2022 to shareholders of record as of August 11, 2022. Additionally, dividends on the Company’s preferred stock, 6.50% Series D and 6.875% Series E, are set to be paid on October 15, 2022, to shareholders recorded by October 1, 2022. Wintrust operates with assets around $51 billion and focuses on community banking across over 170 locations in Chicago and southern Wisconsin.

Positive

• Quarterly dividend of $0.34 per share enhances shareholder income.
• Strong asset base of approximately $51 billion indicates financial stability.

Negative

• None.

ROSEMONT, Ill., July 28, 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 August 25, 2022 to shareholders of record as of August 11, 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 October 15, 2022 to shareholders of record as of October 1, 2022.

About Wintrust

Wintrust is a financial holding company with assets of approximately $51 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 announced by Wintrust (WTFC) in July 2022?

Wintrust announced a dividend of $0.34 per share.

When will the dividend be paid to shareholders of Wintrust (WTFC)?

The dividend will be paid on August 25, 2022.

What is the record date for Wintrust's (WTFC) common stock dividend?

The record date for the dividend is August 11, 2022.

When are the dividends for Wintrust's preferred stocks payable?

Dividends for the preferred stocks are payable on October 15, 2022.

What is the asset size of Wintrust Financial Corporation (WTFC)?

Wintrust has assets of approximately $51 billion.