Cadence Bank Declares Quarterly Common and Preferred Dividends

Rhea-AI Summary

Cadence Bank (NYSE: CADE) declared a quarterly cash dividend of $0.22 per share of common stock, payable on October 3, 2022, to shareholders of record on September 15, 2022. Additionally, a cash dividend of $0.34375 per share of Series A Preferred Stock is payable on August 22, 2022. For Q2 2022, net income for common shareholders was $124.6 million, or $0.68 per diluted share, with adjusted income at $134.2 million, or $0.73 per diluted share.

Positive

• Declared a common stock dividend of $0.22 per share, demonstrating shareholder returns.
• Reported strong Q2 2022 net income of $124.6 million, indicating robust financial health.

Negative

• None.

TUPELO, Miss. and HOUSTON, July 27, 2022 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.22 per share of common stock. The common stock dividend is payable on October 3, 2022, to shareholders of record at the close of business on September 15, 2022.  

The board of directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock. The preferred stock dividend is payable on August 22, 2022, to shareholders of record at the close of business on August 5, 2022.

Cadence earlier reported financial results for the second quarter of 2022. Net income available to common shareholders was $124.6 million, or $0.68 per diluted share, and adjusted income available to common shareholders was $134.2 million, or $0.73 per diluted share.

About Cadence Bank

Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and nearly  400 branch locations across the South, Midwest and Texas. Cadence provides consumers, businesses and corporations with a full range of innovative banking and financial solutions. Services and products include consumer banking, consumer loans, mortgages, home equity lines and loans, credit cards, commercial and business banking, treasury management, specialized lending, asset-based lending, commercial real estate, equipment financing, correspondent banking, SBA lending, foreign exchange, wealth management, investment and trust services, financial planning, retirement plan management, and personal and business insurance. Cadence is committed to a culture of respect, diversity and inclusion in both its workplace and communities. Cadence Bank, Member FDIC. Equal Housing Lender.

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SOURCE Cadence Bank

FAQ

What is the dividend amount for Cadence Bank (CADE) for Q3 2022?

Cadence Bank declared a quarterly cash dividend of $0.22 per share for Q3 2022.

When will the dividend for common stock be payable?

The dividend for common stock will be payable on October 3, 2022.

What was Cadence Bank's net income for Q2 2022?

Cadence Bank reported a net income of $124.6 million for Q2 2022.

When is the record date for Cadence Bank's Q3 2022 dividend?

The record date for Cadence Bank's Q3 2022 dividend is September 15, 2022.