Texas Capital Bancshares Announces Quarterly Dividend
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has recently made a significant announcement that highlights its ongoing commitment to its shareholders. The board of directors 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 approximately $0.359375 per depositary share, where each depositary share represents a 1/40th interest in each share of the Series B Preferred Stock.
Details of the Dividend Payment
This dividend is set to be payable on September 15 to all holders of record by close of business on September 2. Such consistent dividend payments underscore the strength and reliability of Texas Capital Bancshares as a financial institution, reflecting its stable earnings and commitment to returning value to investors.
Overview of Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. is a prominent member of the Russell 2000 Index and the S&P MidCap 400 Index, functioning as the parent company of Texas Capital Bank, commonly known as TCB. The bank has established itself as a trusted financial services provider, committed to delivering tailored solutions to businesses and individuals alike.
Comprehensive Financial Services
Founded in 1998 and headquartered in Dallas, Texas, the company operates multiple offices across the state, including Austin, Houston, San Antonio, and Fort Worth. Texas Capital offers a full suite of services covering commercial and consumer banking, investment banking, and wealth management, thereby catering to clients throughout their entire financial lifecycles. Each of these services is provided in compliance with applicable laws and regulations, ensuring a robust framework for customer support.
Commitment to Stakeholders
The declaration of dividends reflects Texas Capital's strong financial performance and commitment to its stakeholders. As the company continues to grow its client base and enhance its service offerings, the consistent payment of dividends reinforces investor confidence in its long-term strategic direction and execution.
Financial Performance Highlights
Texas Capital has built a reputation for quality and reliability within the financial services sector. The company's focus on customized financial solutions has enabled it to thrive in a competitive market. Investors can take solace in the great dedication Texas Capital shows, not just to its clients but also to its shareholders through timely dividends.
Frequently Asked Questions
What is the amount declared for the dividend?
The declared cash dividend amounts to $14.375 per share on the Series B Preferred Stock.
When will the dividend be paid?
The dividend is set to be paid on September 15 to those who hold shares as of September 2.
What is Texas Capital Bancshares known for?
It is known as a full-service financial services firm providing customized banking solutions to businesses, entrepreneurs, and individuals.
Where are the offices of Texas Capital located?
The company has offices located in Dallas, Austin, Houston, San Antonio, and Fort Worth.
Is Texas Capital Bancshares publicly traded?
Yes, Texas Capital Bancshares is publicly traded on NASDAQ under the ticker symbol TCBI.
