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

(C)2020 ENPublishing - http://www.enpublishing.co.uk

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...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT