Texas Capital Bancshares Declares Preferred Stock Dividend
Texas Capital Bancshares Announces Preferred Stock Dividend
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), which operates as the parent company of Texas Capital Bank, recently declared an impressive cash dividend for its Series B Preferred Stock. This announcement demonstrates the company's commitment to providing value to its shareholders.
Details of the Dividend Declaration
The board of directors at Texas Capital Bancshares has declared a cash dividend of $14.375 per share for the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. Each share represents a depositary share, with each depositary share equating to a 1/40th interest in a single share of the Series B Preferred Stock. This means a significant payout of approximately $0.359375 per depositary share.
Upcoming Payment Schedule
This attractive dividend is set to be paid on a specified date to those who hold these shares. The dividends will be disbursed on March 17, 2025, to shareholders officially recorded as of the close of business on March 3, 2025. Such planned commitments highlight Texas Capital's ongoing efforts to maintain robust financial practices and reward its investors.
About Texas Capital Bancshares, Inc.
Founded in 1998 and headquartered in Dallas, Texas Capital Bancshares, Inc. has grown significantly. As a member of important indices like the Russell 2000 and the S&P MidCap 400, the company plays a pivotal role in the financial services sector. Texas Capital Bank (TCB) encompasses a range of services including commercial banking, consumer banking, investment banking, and wealth management. This comprehensive offering allows the bank to assist a diverse clientele, from businesses to individual customers.
Commitment to Client Success
Understanding the financial needs of businesses and individuals alike, Texas Capital focuses on delivering tailored services that address client requirements effectively. The company has built relationships that span the country, showcasing a broad network supportive of various financial operations.
Trust and Confidence in Financial Practices
Texas Capital Bancshares operates under strict regulatory standards. The company’s deposit and lending products are provided by Texas Capital Bank, complying with applicable laws and banking regulations. This careful adherence to legal requirements reinforces client trust, fortifying the brand's reputation.
Frequently Asked Questions
What is the dividend amount declared by Texas Capital Bancshares?
The declared dividend is $14.375 per share for the Series B Preferred Stock.
When will the dividend be paid?
The dividend will be paid on March 17, 2025.
Who is eligible for the dividend?
Shareholders on record by the close of business on March 3, 2025, will receive the dividend.
What services does Texas Capital Bank provide?
Texas Capital Bank offers commercial banking, consumer banking, investment banking, and wealth management services.
When was Texas Capital Bancshares founded?
Texas Capital Bancshares was founded in 1998 and is headquartered in Dallas.
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