Texas Capital Bancshares Declares $14.375 Dividend for Preferred Stockholders

Texas Capital Bancshares, Inc. has announced a significant dividend for its preferred stockholders. The company’s board declared a cash dividend of $14.375 per share for the 5.75% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B. This amount translates to $0.359375 per depositary share, each representing a fraction of a share of the Series B Preferred Stock. The depositary shares are available for trade on NASDAQ with the symbol “TCBIO.”

The dividend payment is scheduled for September 16, 2024, and will be distributed to shareholders who are on record by the close of business on September 3, 2024. This announcement comes as part of Texas Capital’s commitment to provide value to its investors and reflects its financial health. The somewhat bullish sentiment surrounding this dividend highlights the confidence the board has in the company’s ongoing performance and stability.

Texas Capital Bancshares, headquartered in Dallas, has grown significantly since its founding in 1998. As a member of the Russell 2000® Index and the S&P MidCap 400®, the firm offers a wide range of financial services including commercial banking, consumer banking, investment banking, and wealth management, allowing it to cater to various clients across the nation. With a strong presence in cities such as Austin, Houston, San Antonio, and Fort Worth, Texas Capital Bancshares continues to build its network and offers customized solutions to businesses and individuals.