Texas Capital Bancshares, Inc. Announces Quarterly Dividend for Preferred Stock

The board of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A Preferred Stock, symbolized as TCBIP.

Rhea-AI Summary

The board of Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $0.40625 per share for its Series A Preferred Stock, symbolized as TCBIP. This dividend is scheduled for payment on March 15, 2021, to shareholders recorded by the close of business on March 1, 2021. Headquartered in Dallas, Texas Capital Bank provides personalized financial services and is noted for being part of the Russell 2000® and S&P MidCap 400® indices.

Positive

• Cash dividend of $0.40625 per share for Series A Preferred Stock enhances shareholder income.
• Company maintains a presence in key Texas markets like Austin, Dallas, and Houston, indicating strong regional engagement.

Negative

• None.

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The recorded move for TCBI in the trading session of this news was -3.16%.

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DALLAS, Jan. 26, 2021 (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 $0.40625 per share of the non-cumulative perpetual preferred stock, Series A, which is traded on the NASDAQ under the symbol “TCBIP”. The Series A Preferred Stock dividend is payable on March 15, 2021, to shareholders of record at the close of business on March 1, 2021.

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.

Investor Relations Contact
Jamie Britton
214.932.6721
Jamie.britton@texascapitalbank.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Texas Capital Bancshares (TCBI)?

The dividend amount declared is $0.40625 per share for the Series A Preferred Stock.

When is the dividend payment date for Texas Capital Bancshares (TCBI)?

The dividend is payable on March 15, 2021.

Who are the shareholders eligible for the dividend from Texas Capital Bancshares (TCBI)?

Shareholders of record at the close of business on March 1, 2021, are eligible for the dividend.

What is the symbol for the preferred stock dividend from Texas Capital Bancshares (TCBI)?

The symbol for the preferred stock dividend is TCBIP.