Cadence Bank Declares Quarterly Common and Preferred Dividends

Rhea-AI Summary

Cadence Bank (NYSE: CADE) has announced its quarterly dividend declarations. The board approved a $0.25 per share cash dividend for common stockholders, payable on January 2, 2025, to shareholders of record as of December 13, 2024. Additionally, Series A Preferred Stock holders will receive a quarterly cash dividend of $0.34375 per share, payable on November 20, 2024, to shareholders of record as of November 5, 2024.

Positive

• Consistent dividend payment demonstrates financial stability
• Higher dividend rate for preferred stockholders at $0.34375 per share
• Regular quarterly dividend of $0.25 maintained for common stockholders

Negative

• None.

HOUSTON and TUPELO, Miss., Oct. 23, 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 January 2, 2025, to shareholders of record at the close of business on December 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 November 20, 2024, to shareholders of record at the close of business on November 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 Cadence Bank's (CADE) quarterly dividend for common stock in Q4 2024?

Cadence Bank declared a quarterly cash dividend of $0.25 per share of common stock, payable on January 2, 2025.

When is the record date for Cadence Bank's (CADE) Q4 2024 common stock dividend?

The record date for Cadence Bank's common stock dividend is December 13, 2024.

What is Cadence Bank's (CADE) preferred stock dividend amount for Q4 2024?

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

When will Cadence Bank (CADE) pay its Q4 2024 preferred stock dividend?

The preferred stock dividend will be paid on November 20, 2024, to shareholders of record as of November 5, 2024.