First Citizens BancShares Announces Dividend Declarations
The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has recently announced a series of dividends for their common and preferred stock. This decision reflects the company's commitment to delivering value to its shareholders.
Details of the Dividend Payments
The declared dividends are set to benefit numerous shareholders, with payments following established timelines. Notably, the quarterly common stock dividend is set at $1.95 per share, which applies to both Class A and Class B common stock. This highlights First Citizens BancShares' ongoing dedication to rewarding its investors.
Quarterly Common Stock Dividend
Investors can expect a quarterly dividend of $1.95 per share. With this consistent approach, First Citizens BancShares ensures that both Class A and Class B common stockholders are rewarded for their investment in the company.
Preferred Stock Dividends
In addition to the common stock dividends, the Board has also announced several preferred stock dividends. These include:
- A quarterly dividend of $13.4375 per share for the 5.375% non-cumulative perpetual preferred stock, Series A, translating into a distribution of $0.335938 per depositary share.
- A dividend amounting to $21.719122 per share for the fixed-to-floating rate, non-cumulative perpetual preferred stock, Series B.
- A regular quarterly dividend of $0.351563 per share for the 5.625% non-cumulative perpetual preferred stock, Series C.
Understanding First Citizens BancShares
First Citizens BancShares, Inc. (Nasdaq: FCNCA) holds a significant position in the U.S. financial landscape, known for its strength and stability. The institution boasts over $200 billion in assets and is a proud member of the Fortune 500, reflecting its wide-ranging influence in the banking industry.
Legacy and Services
Headquartered in Raleigh, First Citizens Bank has established a rich legacy built over generations. The bank offers a comprehensive range of general banking services, with more than 500 branches and offices across 30 states. Their commercial banking services are designed to deliver best-in-class lending options and leasing solutions, catering to diverse client needs.
Innovative Banking Solutions
In a fast-evolving financial world, First Citizens understands the importance of innovation. They provide banking solutions tailored to businesses at every stage. Their personalized service aims to empower clients to manage and grow their wealth effectively.
Contact Information
Investors and stakeholders seeking further information can reach out to the company's representatives:
- Deanna Hart - Investor Relations: 919-716-2137
- Angela English - Corporate Communications: 803-931-1854
Frequently Asked Questions
What is the value of the quarterly common stock dividend?
The quarterly common stock dividend is set at $1.95 per share.
When are the dividends scheduled to be paid?
The dividends are scheduled to be paid on March 17, 2025, to holders of record.
What are the benefits of preferred stock dividends?
Preferred stock dividends offer investors fixed income and can be more reliable compared to common stock dividends.
How does First Citizens BancShares support its shareholders?
The company supports its shareholders through regular dividend payments and maintaining a strong financial position.
Where is First Citizens Bank headquartered?
First Citizens Bank is headquartered in Raleigh.
