SVB Financial's board approves preferred stock dividend of USD9.625 per share.
Global Banking News-January 24, 2020-SVB Financial's board approves preferred stock dividend of USD9.625 per share
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The board of directors of SVB Financial Group (NASDAQ:SIVB) authorised a cash dividend of USD9.625 per share on the company's 5.250% fixed-rate non-cumulative perpetual series A preferred stock with liquidation amount of USD1,000 per share, which are represented by depositary shares (NASDAQ:SIVBP), the company disclosed on Thursday.
Also, each depositary share represents 1/40th interest in a share of preferred stock. Holders of depositary shares will receive USD0.240625 per depositary share.
All shareholders of record date at the close of...
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