First Citizens BancShares Declares Significant Dividends
The Board of Directors of First Citizens BancShares, Inc. (NASDAQ: FCNCA) has taken an exciting step by declaring dividends that investors can look forward to. The company has committed to paying these dividends on December 15 to shareholders of record as of November 28, which reflects their ongoing support and strong performance in the industry.
Details of the Dividend Payments
The declared dividends consist of various payments designed to reward both common and preferred stockholders. Notably, the quarterly common stock dividend stands at $2.10 per share for the Class A and Class B common stock. This commitment to shareholders demonstrates First Citizens' dedication to providing value and maintaining a solid relationship with their investor base.
Preferred Stock Dividends
Moreover, First Citizens BancShares announced a regular quarterly dividend set at $13.4375 per share for its non-cumulative perpetual preferred stock, Series A. This dividend results in a noteworthy distribution of approximately $0.335938 per depositary share. On the other hand, shareholders of the Series B fixed-to-floating rate preferred stock will receive a dividend of $20.908312 per share. Lastly, Series C shares will benefit from a regular quarterly dividend of $0.351563 per share, providing investors with a steady income stream.
About First Citizens BancShares
First Citizens BancShares, Inc. (NASDAQ: FCNCA) has established itself as one of the top 20 financial institutions in the U.S., with assets exceeding $200 billion. As a member of the Fortune 500, it has a rich history spanning generations, reflecting values of strength and stability.
A Legacy of Strength
Headquartered in Raleigh, North Carolina, First Citizens Bank offers a wide array of general banking services. Their extensive branch network ensures customers have access to personalized financial solutions tailored to their needs.
Comprehensive Banking Solutions
First Citizens BancShares presents excellent commercial banking services with a focus on lending, leasing, and innovative banking solutions that cater to businesses of all sizes. Their direct banking services further demonstrate their commitment to providing accessible financial solutions across the nation.
Connecting with First Citizens BancShares
For more information about First Citizens BancShares and its offerings, interested parties can reach out directly to their investor relations or corporate communications teams. Deanna Hart from Investor Relations can be contacted at 919-716-2137, while Angela English from Corporate Communications is available at 803-931-1854. Their expertise and readiness to assist make it easy for investors and customers to engage with the bank's services and updates.
Frequently Asked Questions
What dividends has First Citizens BancShares declared?
The bank has declared a quarterly common stock dividend of $2.10 per share, along with various dividends on its preferred stocks.
When are the dividends scheduled for payment?
The dividends are set to be paid on December 15 to holders of record as of November 28.
What is the significance of these dividends for investors?
The declared dividends reflect First Citizens' commitment to providing value to its shareholders and maintaining a strong investment appeal.
How does First Citizens BancShares rank among U.S. financial institutions?
First Citizens BancShares is recognized as one of the top 20 financial institutions in the United States.
Where is First Citizens Bank headquartered?
The headquarters of First Citizens Bank is located in Raleigh, North Carolina.
