Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate by 11.1%

Rhea-AI Summary

Wintrust Financial (WTFC) has announced an increase in its quarterly cash dividend for common stock shareholders. The new dividend of $0.50 per share represents an 11.1% increase from the previous $0.45 quarterly dividend paid in 2024. The dividend will be paid on February 20, 2025, to shareholders of record as of February 6, 2025.

Additionally, the company's Board of Directors has approved quarterly cash dividends for holders of its 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 April 15, 2025, to shareholders of record as of April 1, 2025.

Positive

• 11.1% increase in quarterly common stock dividend from $0.45 to $0.50 per share
• Continuation of preferred stock dividend payments indicates strong financial position

Negative

• None.

News Market Reaction

-0.93%

1 alert

-0.93% News Effect

On the day this news was published, WTFC declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

ROSEMONT, Ill., Jan. 23, 2025 (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 $0.50 per share of outstanding common stock. The dividend is payable on February 20, 2025 to shareholders of record as of February 6, 2025. This represents an increase of approximately 11.1% from the $0.45 quarterly cash dividend paid in each of the quarters of 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 April 15, 2025 to shareholders of record as of April 1, 2025.

About Wintrust

Wintrust is a financial holding company with assets approximately $64.9 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 200 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 & Chief Executive Officer
David A. Dykstra, Vice Chairman & Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com

FAQ

What is the new quarterly dividend amount for Wintrust Financial (WTFC) common stock?

Wintrust Financial's new quarterly dividend is $0.50 per share of common stock, an 11.1% increase from the previous $0.45 quarterly dividend.

When is the payment date for WTFC's Q1 2025 common stock dividend?

The dividend will be paid on February 20, 2025, to shareholders of record as of February 6, 2025.

What is the percentage increase in WTFC's quarterly dividend for 2025?

Wintrust Financial has increased its quarterly dividend by 11.1% compared to the 2024 quarterly payments.

When will WTFC's preferred stock dividends be paid in Q2 2025?

The preferred stock dividends for both Series D and Series E will be paid on April 15, 2025, to shareholders of record as of April 1, 2025.