Third Coast Bancshares, Inc. Declares Quarterly Cash Dividend on its 6.75% Series A Convertible Non-Cumulative Preferred Stock
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Third Coast Bancshares, Inc. has declared a quarterly cash dividend of $17.25 per share on its 6.75% Series A Convertible Non-Cumulative Preferred Stock, payable on January 15, 2025.
December 19, 2024 | 9:30 pm
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Third Coast Bancshares, Inc. declared a quarterly dividend on its preferred stock, which may attract income-focused investors and indicate financial stability.
The declaration of a dividend on preferred stock suggests that Third Coast Bancshares is in a stable financial position, which could attract income-focused investors. This may lead to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80