First Citizens BancShares Announces Increased Dividends for Shareholders
The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has made significant announcements regarding the company's latest dividends. This decision reflects the continued growth and financial stability of the institution, which has a legacy rooted in reliable banking services.
Details of the Declared Dividends
First Citizens BancShares has declared various dividends on its common and preferred stock, demonstrating its commitment to providing returns to its dedicated shareholders. The upcoming dividends will be payable to all shareholders on record.
Increased Quarterly Dividend for Common Stock
One noteworthy aspect is the quarterly common stock dividend, which has been raised to $1.95 per share from the previous amount of $1.64 per share. This increase underscores the organization's robust performance in the financial sector.
Preferred Stock Dividends
Additionally, First Citizens has declared a quarterly dividend of $13.4375 per share on its 5.375% non-cumulative perpetual preferred stock, Series A. This equates to a distribution of $0.335938 for each depositary share. For shareholders of the fixed-to-floating rate preferred stock, Series B, a dividend of $23.205632 per share has been declared, showcasing the company's diverse offerings.
First Citizens BancShares: Company Overview
First Citizens BancShares, Inc. stands out as a leading U.S. financial institution, boasting over $200 billion in assets and ranking among the Fortune 500 companies. The firm operates as a financial holding company for First-Citizens Bank & Trust Company (“First Citizens Bank”), which is renowned for its stability and commitment to long-term customer relationships.
Comprehensive Banking Services
First Citizens offers a wide range of banking services through its extensive network of more than 500 branches situated across 30 states. The bank is well-equipped to handle commercial banking needs with best-in-class lending and leasing services, catering to businesses at various stages of development.
Commitment to Customer Service
In addition to its commercial offerings, First Citizens prioritizes personalized service aimed at helping clients grow and manage their wealth. This commitment is complemented by the presence of a nationwide direct banking division, making their services accessible to a broader audience.
Contact Information for Investors
For investors seeking further insights or clarification regarding these announcements, First Citizens BancShares provides direct lines to their Investor Relations and Corporate Communications team. Interested parties can reach Deanna Hart at 919-716-2137 or Angela English at 803-931-1854. They will assist with any inquiries related to dividends or overall company performance.
Frequently Asked Questions
What is the amount of the new dividend for common stock?
The new quarterly dividend for common stock has been increased to $1.95 per share.
When will the dividends be paid?
The dividends are scheduled to be paid on December 16 for shareholders holding stock as of the record date.
What is First Citizens BancShares known for?
First Citizens BancShares is recognized as a top 20 U.S. financial institution with a legacy of strength and stability.
How can I contact First Citizens for more information?
Investors can contact Investor Relations at 919-716-2137 or Corporate Communications at 803-931-1854 for further inquiries.
What types of preferred stock dividends are declared?
The company has declared dividends for its Series A and Series C preferred stocks, along with Series B fixed-to-floating rate preferred stock.
