First Guaranty (NASDAQ: FGBI) declares Series A preferred dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
First Guaranty Bancshares, Inc. has declared a quarterly cash dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Holders of its Depositary Shares, each representing a 1/40th interest in a share of this Series A preferred, will receive $0.421875 per Depositary Share. This comes from a $16.875 per share quarterly dividend on the underlying Series A Preferred Stock. The dividend will be paid on June 1, 2026 to holders of record of the Depositary Shares as of May 15, 2026.
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8-K Event Classification
Item 8.01 — Other Events
1 item
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Key Figures
Dividend per Depositary Share: $0.421875 per Depositary Share
Dividend per Series A preferred share: $16.875 per share
Preferred dividend rate: 6.75%
+3 more
6 metrics
Dividend per Depositary Share
$0.421875 per Depositary Share
Quarterly distribution on Depositary Shares representing Series A preferred
Dividend per Series A preferred share
$16.875 per share
Quarterly cash dividend on 6.75% Series A preferred stock
Preferred dividend rate
6.75%
Fixed rate on Series A Non-Cumulative Perpetual Preferred Stock
Interest represented by each Depositary Share
1/40th of a preferred share
Each Depositary Share equals 1/40th interest in Series A preferred
Record date
May 15, 2026
Holders of record on this date receive the June 1 dividend
Payment date
June 1, 2026
Date dividend is paid to depositary and then to holders
Key Terms
Depositary Shares, 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock, quarterly cash dividend, holders of record
4 terms
6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock financial
"each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock")"
quarterly cash dividend financial
"resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
holders of record financial
"holders of record as of May 15, 2026 (the "Depository Shares Record Date") of its depositary shares"
Names listed on a company’s official register at a specific cut-off date who are legally entitled to receive dividends, vote on corporate matters, or participate in other shareholder actions. Think of it like a guest list for an event: only those on the list at the snapshot time get the invitation or benefits, so investors watch the record date to know whether they will receive payouts or voting rights for a given corporate action.
FAQ
When is the record date for First Guaranty’s Series A preferred dividend?
The record date for the Series A preferred dividend is May 15, 2026. Investors who are holders of record of the Depositary Shares on that date will be entitled to receive the $0.421875 per Depositary Share quarterly distribution announced by the Board.
When will First Guaranty (FGBI) pay the declared Series A preferred dividend?
The Series A preferred dividend will be paid on June 1, 2026. On that date, First Guaranty will pay the dividend to the depositary, which will then distribute $0.421875 per Depositary Share to holders of record as of May 15, 2026.
Which security of First Guaranty is affected by the $0.421875 dividend?
The Depositary Shares of First Guaranty are affected, each representing a 1/40th interest in a share of 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. Each Depositary Share will receive a $0.421875 quarterly distribution under the declared dividend.
