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

Rhea-AI Summary

Texas Capital Bancshares, Inc. (NASDAQ: TCBI) announced a cash dividend of $0.40625 per share for its non-cumulative perpetual preferred stock, Series A (NASDAQ: TCBIP). The dividend is payable on September 15, 2020, to shareholders who are on record as of September 1, 2020. As a member of the Russell 2000® Index and S&P MidCap 400®, Texas Capital Bank provides personalized financial services across Texas.

Positive

• Declared a cash dividend of $0.40625 per share, reflecting strong financial positioning.
• Demonstrates commitment to returning income to shareholders.

Negative

• None.

DALLAS, July 28, 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 $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 September 15, 2020, to shareholders of record at the close of business on September 1, 2020.

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.

FAQ

What is the dividend amount declared by Texas Capital Bancshares?

The dividend declared is $0.40625 per share.

When is the Texas Capital Bancshares dividend payable?

The dividend is payable on September 15, 2020.

What is the record date for the Texas Capital Bancshares dividend?

The record date for the dividend is September 1, 2020.

What stock symbol is associated with Texas Capital Bancshares preferred stock?

The stock symbol for the Series A preferred stock is TCBIP.