First Citizens BancShares Declares Dividends
- As noted above, the Board declared a quarterly dividend of
75 cents per share on the company's Class A and Class B common stock. The dividend is payableMarch 15, 2023 , to shareholders of recordFeb. 28, 2023 . - The Board declared a regular quarterly dividend on the company's
5.375% non-cumulative perpetual preferred stock, Series A, to be paid onMarch 15, 2023 , to holders of record as ofFeb. 28, 2023 .
There are currently 345,000 outstanding shares of the Series A preferred stock which are held pursuant to a Deposit Agreement datedMarch 12, 2020 . Under that agreement, an aggregate of 13,800,000 depositary shares were issued, each representing a 1/40th interest in a share of the Series A preferred stock. - The Board declared a dividend on the company's fixed-to-floating rate, non-cumulative perpetual Series B preferred stock to be paid on
March 15, 2023 , to holders of record as ofFeb. 28, 2023 . BancShares will pay a non-cumulative quarterly cash dividend at a rate of8.741% , which is equal to three-month LIBOR on the dividend determination date plus a spread of3.972% . - Also, the Board declared a regular quarterly dividend on the company's
5.625% non-cumulative perpetual preferred stock, Series C, to be paid onMarch 15, 2023 , to holders of record as ofFeb. 28, 2023 .
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