Triumph Financial Announces Dividend for 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock
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Triumph Financial, Inc. (Nasdaq: TFIN) has declared a quarterly cash dividend for its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock, represented by depositary shares (NASDAQ: TFINP). The dividend is $0.44525 per depositary share, payable on December 30, 2024, to holders of record on December 15, 2024.
November 29, 2024 | 9:30 pm
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POSITIVE IMPACT
Triumph Financial's Series C Preferred Stock (TFINP) will pay a dividend of $0.44525 per depositary share, reflecting the company's commitment to its preferred shareholders.
The dividend payment on the Series C Preferred Stock (TFINP) is a direct financial benefit to holders of these shares. This announcement is likely to positively impact the price of TFINP in the short term as it reflects the company's ongoing commitment to its preferred shareholders.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Triumph Financial has declared a dividend for its Series C Preferred Stock, impacting its financial obligations and potentially its stock price.
The announcement of a dividend payment is a routine financial event for Triumph Financial. It indicates the company's ability to return capital to shareholders, which is generally seen as a positive sign. However, as this is a preferred stock dividend, the direct impact on the common stock price (TFIN) is likely neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80