Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A non-cumulative perpetual preferred stock, trading under the symbol TCBIP.
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
Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A non-cumulative perpetual preferred stock, trading under the symbol TCBIP. This dividend will be payable on December 15, 2020, to shareholders of record as of December 1, 2020. The company serves various financial needs with a strong presence in major Texas cities, enhancing its position in the market.
Positive
- Declared a cash dividend of $0.40625 per share, demonstrating commitment to returning value to shareholders.
- Scheduled payment date of December 15, 2020, offering timely income to investors.
Negative
- None.
Details
News Market Reaction – TCBI
The recorded move for TCBI in the trading session of this news was +0.79%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
DALLAS, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and their board of directors declared a cash dividend of
ABOUT TEXAS CAPITAL BANCSHARES, INC.
Texas Capital Bancshares, Inc. (NASDAQ: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank, a commercial bank that delivers highly personalized financial services to businesses and entrepreneurs. Headquartered in Dallas, the bank has full-service locations in Austin, Dallas, Fort Worth, Houston and San Antonio.
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