Triumph Bancorp Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
Triumph Bancorp (Nasdaq: TBK) announced a quarterly cash dividend of $0.44525 per depositary share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Triumph Bancorp (Nasdaq: TBK) announced a quarterly cash dividend of $0.44525 per depositary share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This dividend totals $17.81 per share and is scheduled for payment on December 30, 2020, to shareholders of record by December 15, 2020.
Triumph Bancorp provides a range of financial services through its subsidiary, TBK Bank, SSB, with a focus on community banking and commercial finance.
Positive
- Quarterly cash dividend of $0.44525 per depositary share announced.
- Demonstrates strong shareholder returns through consistent dividend payments.
Negative
- Potential risks and uncertainties highlighted in forward-looking statements that could affect financial results.
Details
News Market Reaction – TBK
The recorded move for TBK in the trading session of this news was +1.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Triumph Bancorp, Inc. (the “Company”) (Nasdaq: TBK) today announced the Company’s Board of Directors declared a quarterly cash dividend of
About Triumph
Triumph Bancorp, Inc. (Nasdaq: TBK) is a financial holding company headquartered in Dallas, Texas. Triumph offers a diversified line of community banking, national lending, and commercial finance products through its bank subsidiary, TBK Bank, SSB. www.triumphbancorp.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2020 and its Quarterly Report on Form 10-Q, filed with the SEC on April 21, 2020. Forward-looking statements speak only as of the date made and Triumph undertakes no duty to update the information.
Source: Triumph Bancorp, Inc.
Investor Relations:
Luke Wyse
Senior Vice President, Finance & Investor Relations
lwyse@tbkbank.com
214-365-6936
Media Contact:
Amanda Tavackoli
Senior Vice President, Director of Corporate Communication
atavackoli@tbkbank.com
214-365-6930
FAQ
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