Texas Capital Bancshares, Inc. Declares Dividend for 2025
In a recent announcement, Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a significant quarterly cash dividend for its Series B Preferred Stock. This decision showcases the company’s dedication to providing value to its shareholders and reflects its solid financial standing.
Details of the Dividend Announcement
The board of directors at Texas Capital Bancshares, Inc. has declared a cash dividend of $14.375 per share on its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This translates to a dividend of $0.359375 per depositary share which represents a 1/40th interest in a share of the Series B Preferred Stock. These depositary shares are actively traded on NASDAQ under the symbol “TCBIO.”
Dividend Payment Schedule
This dividend will be payable on June 16, 2025. Shareholders who are on record as of June 2, 2025, will be eligible to receive this payout. This timely announcement provides investors with ample notice to adjust their financial plans according to the upcoming dividend.
About Texas Capital Bancshares, Inc.
Founded in 1998, Texas Capital Bancshares, Inc. is headquartered in Dallas and serves as the parent company of Texas Capital Bank, commonly known as TCB. Not only is Texas Capital a member of the Russell 2000® Index and the S&P MidCap 400®, but it also stands out as a full-service financial services firm. The institution offers a range of customized solutions for businesses, entrepreneurs, and individual customers through its extensive network spanning various cities, including Austin, Houston, San Antonio, and Fort Worth.
Comprehensive Financial Services
Texas Capital Bank and its affiliates offer an extensive array of services including commercial banking, consumer banking, investment banking, and wealth management. With the vision to service clients through all stages of their financial needs, Texas Capital has solidified its position in the industry, helping clients navigate their unique financial journeys.
Commitment to Shareholders
The declaration of this quarterly dividend signals Texas Capital's commitment to supporting its shareholders and enhancing shareholder value. This strategic decision reflects the company's stable financial foundation and long-term growth strategy, fostering confidence among investors.
Market Position and Future Prospects
As Texas Capital Bancshares continues to grow, it is well-positioned within the financial market. The bank's diverse offerings and strategic initiatives ensure that it not only adapts to market changes but also capitalizes on growth opportunities. The current dividend declaration will likely be viewed favorably by investors, indicating a strong operational performance.
Conclusion
The recent dividend declaration from Texas Capital Bancshares, Inc. emphasizes the institution’s strength and commitment to its investors. As the dividend payout approaches, stakeholders can look forward to the financial benefits that accompany their investment in a trusted organization. With ongoing and new opportunities within the financial sector, the future appears bright for Texas Capital and its shareholders.
Frequently Asked Questions
What is the declared dividend amount for Texas Capital Bancshares?
The declared dividend amount is $14.375 per share for the Series B Preferred Stock.
When will the dividend be paid?
The dividend will be paid on June 16, 2025.
Who is eligible to receive the dividend?
Shareholders on record as of June 2, 2025, will be eligible to receive the dividend.
What services does Texas Capital Bancshares offer?
Texas Capital Bancshares offers various financial services including commercial and consumer banking, investment banking, and wealth management.
What is the stock ticker for Texas Capital Bancshares?
The stock ticker for Texas Capital Bancshares, Inc. is NASDAQ: TCBI.
