First Citizens BancShares Announces New Dividend Payments
First Citizens BancShares Publishes Latest Dividend Information
The Board of Directors of First Citizens BancShares, Inc. (Nasdaq: FCNCA) has just announced exciting news for its stakeholders regarding upcoming dividend distributions. Investors can look forward to these dividends being issued on a specific date, rewarding those who are invested in the company's common and preferred stock with competitive returns.
Details of the Declared Dividends
First Citizens BancShares will be executing several dividend payments for its shareholders:
- A quarterly common stock dividend of $1.95 per share for both Class A and Class B common stock.
- A regular quarterly dividend of $13.4375 per share on the company's 5.375% non-cumulative perpetual preferred stock, Series A, equating to a distribution of $0.335938 per depositary share.
- A dividend of $21.56925 per share on the fixed-to-floating rate non-cumulative perpetual preferred stock, Series B.
- A quarterly dividend of $0.351563 per share on the non-cumulative perpetual preferred stock, Series C, set at a rate of 5.625%.
About First Citizens BancShares
First Citizens BancShares, Inc. stands as a significant player in the U.S. financial sector. As a top 20 financial institution boasting more than $200 billion in assets and inclusion in the Fortune 500, the company operates as the financial holding entity for First-Citizens Bank & Trust Company. Underpinned by a legacy of strength and stability through generational management, First Citizens offers a wide variety of banking services. These services range from general banking and commercial expertise to innovative financial solutions catering to businesses at all development stages.
Innovation and Services
First Citizens continues to evolve, ensuring comprehensive financial services that meet client needs. With a vast network of branches across the country, it is well-positioned to serve customers effectively, providing personalized banking experiences and strategic resources for wealth management.
Contact Information
For further inquiries regarding investor relations and corporate communications, interested parties can reach out to the following contacts:
- Deanna Hart - Investor Relations | Phone: 919-716-2137
- Angela English - Corporate Communications | Phone: 803-931-1854
Frequently Asked Questions
What is the dividend amount declared by First Citizens BancShares?
First Citizens BancShares declared multiple dividends, including $1.95 per share for common stocks and various amounts for preferred stocks.
When will the dividends be paid out?
The dividends are scheduled to be paid to eligible shareholders on a specified date announced by the company.
What is the significance of these dividends?
These dividends signify the company's robust financial health and commitment to providing returns to its shareholders.
Who can receive these dividends?
Holders of both common and preferred shares who are on record by the predetermined cutoff date can receive these dividends.
How can investors learn more about First Citizens BancShares?
Investors can explore additional information about First Citizens BancShares and its services at firstcitizens.com.
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