Customers Bancorp, Inc.Announces Dividend Correction on Preferred Stock
Customers Bancorp, Inc.recently announced a corrected dividend amount on its Series E and Series F Preferred Stock, following an earlier press release on April 29, 2024.The cash dividend on its Series E will be $0.700488 per share, payable on June 17, 2024, to shareholders of record on May 31, 2024.Similarly, the cash dividend on its Series F will also be adjusted.
Unfortunately, despite this dividend correction, Customers Bancorp Inc shares have experienced a downturn, with a 2% decrease in May and a total decline of 12.8% during the second quarter of 2024.However, it is worth noting that the shares are currently trading on the NYSE at a 4.7% premium above their 52-week average.
It will be interesting to see how these developments play out in the coming months for Customers Bancorp, Inc.
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