Cadence Bank Declares Quarterly Common and Preferred Dividends

Rhea-AI Summary

Cadence Bank (NYSE: CADE) has declared quarterly dividends for both common and preferred stockholders. The board of directors announced a $0.25 per share cash dividend for common stock, payable on October 1, 2024, to shareholders of record as of September 13, 2024. Additionally, a $0.34375 per share cash dividend was declared for Series A Preferred Stock, payable on August 20, 2024, to shareholders of record as of August 5, 2024. These dividend declarations demonstrate Cadence Bank's commitment to providing regular returns to its investors.

Positive

• Consistent dividend payments indicate financial stability
• Common stock dividend of $0.25 per share provides income for shareholders
• Preferred stock dividend of $0.34375 per share offers additional returns

Negative

• None.

HOUSTON and TUPELO, Miss., July 24, 2024 /PRNewswire/ -- At its meeting today, the board of directors of Cadence Bank (NYSE: CADE) (Cadence) declared a quarterly cash dividend of $0.25 per share of common stock. The common stock dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024.  

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 20, 2024, to shareholders of record at the close of business on August 5, 2024.

About Cadence Bank
Cadence Bank (NYSE: CADE) is a leading regional banking franchise with approximately $50 billion in assets and over 350 branch locations across the South 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 and retirement plan management. Cadence is committed to a culture of respect, diversity, equity, inclusion and belonging 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) common stock?

Cadence Bank (CADE) declared a quarterly cash dividend of $0.25 per share for common stock.

When is the payment date for Cadence Bank's (CADE) common stock dividend?

The common stock dividend for Cadence Bank (CADE) is payable on October 1, 2024.

What is the record date for Cadence Bank's (CADE) common stock dividend?

The record date for Cadence Bank's (CADE) common stock dividend is September 13, 2024.

How much is Cadence Bank's (CADE) preferred stock dividend?

Cadence Bank (CADE) declared a quarterly cash dividend of $0.34375 per share for Series A Preferred Stock.

When will Cadence Bank (CADE) pay its preferred stock dividend?

Cadence Bank (CADE) will pay its preferred stock dividend on August 20, 2024.