Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial (Nasdaq: WTFC) has declared its quarterly cash dividends. Common stockholders will receive $0.45 per share, payable on November 22, 2024, to shareholders of record as of November 7, 2024. The company also announced quarterly dividends for Series D 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock and Series E 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, both payable on January 15, 2025, to shareholders of record as of January 1, 2025.

Positive

• Maintained quarterly dividend of $0.45 per common share, demonstrating financial stability
• Continued dividend payments on both preferred stock series, indicating strong cash flow position

Negative

• None.

ROSEMONT, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.45 per share of outstanding common stock. The dividend is payable on November 22, 2024 to shareholders of record as of November 7, 2024.

Additionally, the Company’s Board of Directors approved quarterly cash dividends on outstanding shares of the Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D and of the Company’s 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. Each dividend is payable on January 15, 2025 to shareholders of record as of January 1, 2025.

About Wintrust

Wintrust is a financial holding company with approximately $63.8 billion in assets whose common stock is traded on the NASDAQ Global Select Market. Guided by its “Different Approach, Better Results®” philosophy, Wintrust offers the sophisticated resources of a large bank while providing a community banking experience to each customer. Wintrust operates more than 200 retail banking locations through 16 community bank subsidiaries in the greater Chicago, southern Wisconsin, west Michigan, northwest Indiana, and southwest Florida market areas. In addition, Wintrust operates various non-bank business units, providing residential mortgage origination, wealth management, commercial and life insurance premium financing, short-term accounts receivable financing/outsourced administrative services to the temporary staffing services industry, and qualified intermediary services for tax-deferred exchanges. For more information, please visit www.wintrust.com.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust'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 Wintrust's most recent Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:
Timothy S. Crane, President and Chief Executive Officer
David A. Dykstra, Vice Chairman and Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com

FAQ

What is Wintrust Financial's (WTFC) dividend amount for Q4 2024?

Wintrust Financial's quarterly dividend for Q4 2024 is $0.45 per share of common stock.

When is Wintrust Financial's (WTFC) next dividend payment date?

The next dividend payment date is November 22, 2024, for common stockholders of record as of November 7, 2024.

What are the payment dates for Wintrust's (WTFC) preferred stock dividends?

Both Series D and Series E preferred stock dividends are payable on January 15, 2025, to shareholders of record as of January 1, 2025.

What is the dividend rate for Wintrust's (WTFC) preferred stock Series D and E?

Series D has a 6.50% Fixed-to-Floating rate, and Series E has a 6.875% Fixed-Rate Reset rate.