Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial Corporation (Nasdaq: WTFC) announced a quarterly cash dividend of $0.31 per share, payable on May 20, 2021 to shareholders of record as of May 6, 2021. Additionally, dividends were approved for two series of preferred stock: 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D and 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E, both payable on July 15, 2021 to shareholders of record as of July 1, 2021. Wintrust manages assets exceeding $45 billion and operates over 180 banking locations.

Positive

• Quarterly cash dividend of $0.31 per share approved.
• Total assets exceed $45 billion, indicating strong financial health.
• Diversified operations across community banking and non-bank business units.

Negative

• Risks and uncertainties are associated with forward-looking statements, which could impact future performance.

ROSEMONT, Ill., April 22, 2021 (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 $0.31 per share of outstanding common stock. The dividend is payable on May 20, 2021 to shareholders of record as of May 6, 2021.

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 July 15, 2021 to shareholders of record as of July 1, 2021.

About Wintrust

Wintrust is a financial holding company with assets of over $45 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 declared by Wintrust Financial Corporation for May 2021?

Wintrust declared a quarterly cash dividend of $0.31 per share.

When will Wintrust Financial Corporation pay its dividends?

The cash dividend is payable on May 20, 2021, to shareholders of record as of May 6, 2021.

What other dividends has Wintrust declared in 2021?

Wintrust also declared dividends for its preferred stocks, payable on July 15, 2021.

What is the significance of Wintrust's assets exceeding $45 billion?

It indicates robust financial health and a solid market position.

What should investors be cautious about in Wintrust's forward-looking statements?

Investors should be aware of the risks and uncertainties that could affect actual results.