Texas Capital Bancshares Offers Attractive Quarterly Dividend
Texas Capital Bancshares Dividend Announcement
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), recognized for its commitment to shareholder value, has declared a notable cash dividend of $14.375 per share for its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This translates to approximately $0.359375 per depositary share, which represents a fraction of a share of the Series B Preferred Stock. Investors can expect to receive this dividend on December 15, reflecting a robust strategy of rewarding its stakeholders.
Understanding the Preferred Stock Dividend Structure
The dividend from the Series B Preferred Stock, which is traded under the symbol "TCBIO," is a testament to Texas Capital's financial strength and operational performance. This announcement underscores the institution's commitment to maintaining a competitive position in the financial services sector while providing attractive returns to its investors.
Significance of the Dividend for Investors
For those holding shares, this dividend payment presents an appealing opportunity for income generation. The Series B Preferred Stock is engineered not just for capitalization but also to yield consistent returns, thereby making it an attractive choice for income-focused investors. Understanding the timing of dividends, such as this one set for December, helps investors plan their financial strategy effectively.
Insight into Texas Capital Bancshares, Inc.
Texas Capital Bancshares is the parent company of Texas Capital Bank, serving a wide array of financial needs for businesses and individual customers across the country. Founded in 1998, the company has established a reputation for providing an extensive range of services, including commercial and consumer banking, investment banking, and wealth management solutions.
Comprehensive Service Offerings
Texas Capital operates under a collective brand name for both its bank and non-bank affiliates, delivering customized financial solutions tailored to the diverse needs of its clients. This extensive network is supported by offices in major cities, catering to clients through various life stages and financial challenges. The blend of services available ensures that clients benefit from a holistic approach to their financial well-being.
Future Outlook for Texas Capital Bancshares
Looking ahead, Texas Capital Bancshares continues to navigate the evolving landscape of the financial sector. With a strong capital position and a seasoned management team, the company is strategically placed to seize growth opportunities. The recent dividend declaration not only demonstrates financial stability but also reaffirms the management's dedication to returning value to shareholders.
Investor Relations and Contact Information
Investors are encouraged to stay informed about the company’s developments and future announcements. For additional inquiries or detailed information regarding dividends and stock performance, you can reach out to:
INVESTOR CONTACT Jocelyn Kukulka, 469.399.8544 jocelyn.kukulka@texascapital.com
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $14.375 per share of the Series B Preferred Stock.
When will the dividend be paid?
The dividend is payable on December 15, 2025.
How does this dividend impact stockholders?
This dividend provides an income stream for shareholders and reflects the company's profitability.
Who can I contact for more information about the dividend?
For further details, you can contact Jocelyn Kukulka at Texas Capital Bancshares.
Is Texas Capital Bancshares actively involved in its communities?
Yes, Texas Capital is dedicated to community engagement and supports various local initiatives through its business operations.
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