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

(Neutral)

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) has declared a cash dividend of $14.375 per share on its 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This translates to $0.359375 per depositary share, with the shares traded under the symbol TCBIO. The dividend is payable on September 15, 2021, to shareholders on record as of September 1, 2021.

Texas Capital Bancshares is a member of the Russell 2000 and S&P MidCap 400 indexes, offering personalized financial services across Texas.

Positive

Dividend declaration of $14.375 per share reflects company confidence in financial stability.
Consistent dividends may attract investors, enhancing shareholder income.

Negative

None.

News Market Reaction – TCBI

+0.30%

+0.30% Session move

In the trading session that priced this news, TCBI gained 0.30%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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07/26/2021 - 11:00 AM

DALLAS, July 26, 2021 (GLOBE NEWSWIRE) -- Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, and its board of directors declared a cash dividend of $14.375 per share of the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”), equivalent to $0.359375 per depositary share, each representing a 1/40th interest in a share of the Series B Preferred Stock. The depository shares are traded on the NASDAQ under the symbol “TCBIO”. The Series B Preferred Stock dividend is payable on September 15, 2021, to holders of record at the close of business on September 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, N.A. 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. Member FDIC.

FAQ

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

Texas Capital Bancshares (TCBI) declared a dividend of $14.375 per share on its Series B Preferred Stock.

When is the dividend payment date for TCBI's Series B Preferred Stock?

The dividend is payable on September 15, 2021.

Who is eligible to receive the dividend from TCBI?

Shareholders on record as of September 1, 2021, are eligible to receive the dividend.

What is the dividend frequency for Texas Capital Bancshares?

The dividend frequency for Texas Capital Bancshares' Series B Preferred Stock is not specified in the release.