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Live Oak Bancshares (LOB) sets June 2026 common and preferred dividends

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Live Oak Bancshares, Inc. reported that its board declared cash dividends on both its common and preferred equity. Holders of Voting Common Stock will receive a cash dividend of $0.03 per share. Holders of depositary shares representing its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock will receive a cash dividend of $0.52344 per depositary share.

Both dividends are payable on June 15, 2026 to shareholders of record as of June 2, 2026, meaning investors must be on the company’s books by that date to receive the payments.

Positive

  • None.

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  • None.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Common stock dividend $0.03 per share Cash dividend on Voting Common Stock
Preferred depositary share dividend $0.52344 per depositary share Cash dividend on Series A preferred depositary shares
Preferred coupon rate 8.375% Fixed rate on Series A Non-Cumulative Perpetual Preferred Stock
Dividend record date June 2, 2026 Shareholders of record date for both dividends
Dividend payment date June 15, 2026 Payment date for common and preferred dividends
depositary share financial
"a cash dividend of $0.52344 per depositary share of its 8.375% Fixed Rate Series A"
A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.
Non-Cumulative Perpetual Preferred Stock financial
"8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, each such dividend payable"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
shareholders of record financial
"each such dividend payable on June 15, 2026 to shareholders of record as of June 2, 2026"
Shareholders of record are the people officially listed as owners of a company's stock on a specific date. This matters because only these shareholders are entitled to receive dividends or vote at company meetings. It's like being on the official guest list for a party—you get to enjoy the perks and have a say.
Voting Common Stock financial
"declared a cash dividend of $0.03 per share of Voting Common Stock"
Depositary Shares financial
"Depositary Shares , Each Representing a 1/40th Interest in a Share of 8.375% Fixed Rate"
Depositary shares are tradable certificates that represent a fractional piece of a larger security held by a third-party bank, like owning a slice of a single big pie instead of the whole pie. They let companies issue and investors buy smaller, more affordable portions of preferred stock or other instruments; holders usually receive proportional dividends and market pricing similar to ordinary shares, but may have limited voting rights and different liquidity or tax implications, which can affect income and resale value.
Understanding 8-K Material Events →
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 19, 2026
LiveOakBancsharesLogo.jpg
LIVE OAK BANCSHARES, INC.
(Exact name of registrant as specified in its charter)
North Carolina001-3749726-4596286
(State or other jurisdiction of incorporation)(Commission File Number)(IRS Employer Identification No.)
1741 Tiburon Drive,Wilmington,NC28403
(Address of principal executive offices)(Zip Code)
Registrant’s Telephone Number, Including Area Code: (910) 790-5867
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Voting Common Stock, no par value per shareLOBNew York Stock Exchange LLC
Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, no par value per share
LOB/PANew York Stock Exchange LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 8.01. Other Events.
On May 19, 2026, the Board of Directors of Live Oak Bancshares, Inc. (the “Company”) declared a cash dividend of $0.03 per share of Voting Common Stock and a cash dividend of $0.52344 per depositary share of its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock, each such dividend payable on June 15, 2026 to shareholders of record as of June 2, 2026.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
LIVE OAK BANCSHARES, INC.
Date: May 19, 2026By:/s/ Walter J. Phifer
Walter J. Phifer
Chief Financial Officer

Source: View Original Filing on SEC EDGAR

FAQ

What dividend did Live Oak Bancshares (LOB) declare on its common stock?

Live Oak Bancshares declared a cash dividend of $0.03 per share on its Voting Common Stock. The dividend is payable on June 15, 2026 to shareholders of record as of June 2, 2026.

What dividend did Live Oak Bancshares (LOB) declare on its preferred depositary shares?

The company declared a cash dividend of $0.52344 per depositary share for its 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. This dividend is also payable June 15, 2026 to holders of record on June 2, 2026.

When is the record date for Live Oak Bancshares’ declared dividends?

Both the common and preferred dividends use a record date of June 2, 2026. Investors must be shareholders of record on that date to be entitled to receive the June 15, 2026 cash payments.

When will Live Oak Bancshares (LOB) pay the newly declared dividends?

The company set a payment date of June 15, 2026 for both dividends. Eligible shareholders of record as of June 2, 2026 will receive their common and preferred cash dividend amounts on that payment date.

Which securities of Live Oak Bancshares are affected by this dividend announcement?

The dividends apply to Voting Common Stock and depositary shares representing a 1/40th interest in the 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred Stock. Each security type has its own specific per-share cash amount.

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