Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial Corporation (Nasdaq: WTFC) has announced a quarterly cash dividend of $0.28 per share of outstanding common stock, payable on August 20, 2020, to shareholders of record as of August 6, 2020. Additionally, dividends were approved for its 6.50% Fixed-to-Floating and 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stocks, payable on October 15, 2020, to shareholders of record as of October 1, 2020. With assets over $43.5 billion, Wintrust continues to serve the community banking sector across the greater Chicago and southern Wisconsin areas.

Positive

• Quarterly cash dividend of $0.28 per share enhances shareholder returns.
• Assets exceeding $43.5 billion indicate strong financial stability.

Negative

• Market uncertainties could affect future financial performance based on forward-looking statements.

ROSEMONT, Ill., July 23, 2020 (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 $0.28 per share of outstanding common stock.  The dividend is payable on August 20, 2020 to shareholders of record as of August 6, 2020.

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, 2020 to shareholders of record as of October 1, 2020.

About Wintrust

Wintrust is a financial holding company with assets of over $43.5 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 180 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.

FAQ

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

The dividend amount is $0.28 per share.

When is the dividend payment date for Wintrust (WTFC) common stock?

The dividend payment date is August 20, 2020.

What are the record dates for Wintrust's (WTFC) upcoming dividends?

The record date for common stock is August 6, 2020; for preferred stocks, it is October 1, 2020.

When will dividends be paid for Wintrust's preferred stocks?

Dividends for preferred stocks will be paid on October 15, 2020.

What is the significance of Wintrust's (WTFC) asset size?

With over $43.5 billion in assets, Wintrust demonstrates substantial financial capacity and stability.