Texas Capital Bancshares, Inc.Declares Preferred Stock Dividend Amidst Strategic Transformation and Industry Challenges
On October 21, 2024, Texas Capital Bancshares, Inc.(NASDAQ: TCBI), the parent company of Texas Capital Bank, announced the declaration of a cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the Series B Preferred Stock).This translates to a dividend of $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock.The depositary shares are traded on the NASDAQ under the symbol TCBIO.The dividend is scheduled to be payable on December 16, 2024, to holders of record as of close of business on December 2, 2024.
In context, the announcement of this dividend comes at a pivotal moment for Texas Capital Bancshares, particularly in light of the strategic efforts detailed in the recent press release on September 6, 2024
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