Wintrust Financial Corporation Declares Attractive Cash Dividend
Wintrust Financial Corporation Announces Cash Dividends
Wintrust Financial Corporation (NASDAQ: WTFC), based in Rosemont, Illinois, is proud to share the decision by its Board of Directors to approve a quarterly cash dividend of $0.50 for every share of outstanding common stock. This dividend showcases the Company's commitment to rewarding its shareholders and is scheduled to be paid on a future date to shareholders who are on record as of the requisite date.
Additional Dividend on Preferred Stock
In addition to the common stock dividend, the Board has also approved a cash dividend for the holders of the Company's 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. This dividend is set to be issued on a forthcoming date to those shareholders who are on record as of an established deadline.
Company Overview
Wintrust Financial Corporation operates as a financial holding company, managing assets totaling approximately $69.0 billion. Their common stock can be found on the Nasdaq Global Select Market. Embodying a philosophy of "Different Approach, Better Results®," Wintrust harmonizes the extensive facilities of a large financial institution with a personalized community banking experience that caters to individual customer needs.
Community Banking Focus
With over 200 retail banking locations, Wintrust serves communities spanning multiple states, including populous areas such as Chicago and regions in southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida. This geographical footprint allows Wintrust to build deeper connections with its customers, delivering financial services tailored to the local community's demands.
Diverse Financial Services
Beyond traditional banking services, Wintrust offers a diverse array of financial products and services. These include residential mortgage origination, wealth management, insurance financing, and commercial lending solutions, along with essential administrative services to the temporary staffing industry. Additionally, Wintrust engages in qualified intermediary services designed for tax-deferred exchanges, highlighting its extensive expertise in the financial sector.
Commitment to Shareholders
Wintrust’s decision to issue dividends reflects a strong commitment to maximizing shareholder value and reinforces the Company's ongoing efforts to maintain a solid financial foundation. The Board's proactive approach towards dividend declarations signifies a healthy balance sheet and consistent performance metrics.
Contact Information
For those interested in learning more about Wintrust Financial Corporation or who may have inquiries concerning their services, please reach out to Timothy S. Crane, President & Chief Executive Officer, or David A. Dykstra, Vice Chairman & Chief Operating Officer, at (847) 939-9000. For additional information, visit their official website at www.wintrust.com.
Frequently Asked Questions
What is the cash dividend amount declared by Wintrust Financial?
The Board of Directors has approved a cash dividend of $0.50 for each share of common stock.
When is the dividend payable?
The cash dividend is set to be paid to eligible shareholders on a specified future date.
What type of company is Wintrust?
Wintrust Financial Corporation is a financial holding company that offers various banking and financial services.
How does Wintrust ensure its community-oriented service?
Wintrust operates over 200 retail banking locations, emphasizing local service and connections to its communities.
Who should I contact for more information about Wintrust's services?
You can contact Timothy S. Crane or David A. Dykstra at (847) 939-9000 for inquiries or further details.
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