Wintrust Financial Corporation Announces Cash Dividends

Rhea-AI Summary

Wintrust Financial (Nasdaq: WTFC) has announced its quarterly cash dividends. The company's Board of Directors approved a $0.45 per share dividend on outstanding common stock, payable on August 22, 2024 to shareholders of record as of August 8, 2024. Additionally, quarterly cash dividends were approved for the company's Series D and Series E preferred stocks, both payable on October 15, 2024 to shareholders of record as of October 1, 2024. The Series D stock is a 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, while the Series E is a 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock.

Positive

• Consistent quarterly dividend payout of $0.45 per share for common stockholders
• Continued dividend payments for preferred stockholders (Series D and E)
• Maintaining regular dividend schedule indicates financial stability

Negative

• None.

ROSEMONT, Ill., July 25, 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 August 22, 2024 to shareholders of record as of August 8, 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 October 15, 2024 to shareholders of record as of October 1, 2024.

About Wintrust

Wintrust is a financial holding company with assets of approximately $59.8 billion whose common stock is traded on the Nasdaq Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 170 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

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 the amount of Wintrust Financial's (WTFC) quarterly cash dividend for common stock?

Wintrust Financial (WTFC) has declared a quarterly cash dividend of $0.45 per share for outstanding common stock.

When is the payment date for Wintrust Financial's (WTFC) common stock dividend?

The common stock dividend is payable on August 22, 2024 to shareholders of record as of August 8, 2024.

Has Wintrust Financial (WTFC) announced dividends for its preferred stocks?

Yes, Wintrust Financial has approved quarterly cash dividends for its Series D and Series E preferred stocks, both payable on October 15, 2024 to shareholders of record as of October 1, 2024.

What are the rates for Wintrust Financial's (WTFC) preferred stock dividends?

Wintrust Financial's Series D preferred stock has a 6.50% Fixed-to-Floating rate, while the Series E preferred stock has a 6.875% Fixed-Rate Reset rate.