Triumph Financial Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock

Rhea-AI Summary

Triumph Financial (Nasdaq: TFIN) has announced a quarterly cash dividend for its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend is set at $17.81 per share, which translates to $0.44525 per depositary share (NASDAQ: TFINP), with each depositary share representing a 1/40th interest in a preferred stock share. The dividend will be paid on September 30, 2024, to shareholders of record as of the close of business on September 15, 2024. This announcement demonstrates Triumph Financial's commitment to providing returns to its preferred stockholders.

Positive

• Quarterly dividend payment indicates stable cash flow
• Commitment to shareholder returns through preferred stock dividends

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• None.

DALLAS, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (the “Company”) (Nasdaq: TFIN) today announced that the Company’s Board of Directors declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NASDAQ: TFINP), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.44525 per depositary share. The dividend is payable on September 30, 2024, to holders of record at the close of business on September 15, 2024.

About Triumph Financial

Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and TBK Bank. www.tfin.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 Financial'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 13, 2024. Forward-looking statements speak only as of the date made, and Triumph Financial undertakes no duty to update the information.

Source: Triumph Financial, Inc.

Investor Relations:
Luke Wyse
Senior Vice President, Head of Investor Relations
lwyse@tfin.com 
214-365-6936

Media Contact:
Amanda Tavackoli
Senior Vice President, Director of Corporate Communication
atavackoli@tfin.com 
214-365-6930

FAQ

What is the dividend amount for Triumph Financial's Series C Preferred Stock (TFIN)?

Triumph Financial declared a quarterly cash dividend of $17.81 per share on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock.

When is the dividend payment date for Triumph Financial's (TFIN) preferred stock?

The dividend is payable on September 30, 2024, to holders of record at the close of business on September 15, 2024.

How much will holders of Triumph Financial's (TFIN) depositary shares receive?

Holders of depositary shares will receive $0.44525 per depositary share, with each depositary share representing a 1/40th interest in a share of preferred stock.

What is the ticker symbol for Triumph Financial's depositary shares on NASDAQ?

The ticker symbol for Triumph Financial's depositary shares on NASDAQ is TFINP.