Texas Capital Bancshares, Inc. Declares Dividend for Preferred Stock: What This Means for Investors

Published | Modified July 22, 2024
CSIMarket Newsroom | CSIMarket.com

Texas Capital Bancshares, Inc.(NASDAQ: TCBI) Declares Quarterly Dividend for Preferred Stock

Texas Capital Bancshares, Inc.recently announced a cash dividend for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B.The dividend of $14.375 per share is equivalent to $0.359375 per depositary share, with payment set for September 16, 2024.The impact of this announcement on the company’s shares is yet to be seen, but it could potentially lead to increased investor confidence and a boost in stock value.

Source for this article: Based on Texas Capital Bancshares Inc’s official statement

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