Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate By 12.5% From $0.40 To $0.45 Per Share
Portfolio Pulse from Benzinga Newsdesk
Wintrust Financial Corporation (NASDAQ:WTFC) has announced an increase in its quarterly common stock dividend from $0.40 to $0.45 per share, a 12.5% rise. The new dividend is payable on February 22, 2024, to shareholders of record as of February 8, 2024. Additionally, dividends for Series D and E Preferred Stock are set for April 15, 2024, for shareholders of record on April 1, 2024.
January 25, 2024 | 9:42 pm
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POSITIVE IMPACT
Wintrust Financial Corporation has raised its quarterly dividend by 12.5%, indicating a strong financial position and commitment to shareholder returns.
The increase in dividend is typically viewed positively by the market as it suggests the company is confident in its financial health and future earnings. This can attract income-focused investors and potentially boost the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100