First Republic Bank Declares Dividends on Four Series of Perpetual Preferred Stock
05 Ottobre 2021 - 3:00PM
Business Wire
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced that it has declared
cash dividends on the following outstanding series of its perpetual
preferred stock.
A quarterly cash dividend of $11.75 per share was declared on
its Noncumulative Perpetual Series J Preferred Stock. This dividend
equals $0.293750 per depositary share, each representing 1/40th
interest in a share of Series J Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrJ.” The Series J Preferred Stock
dividend is payable on October 29, 2021, to shareholders of record
as of October 15, 2021.
A quarterly cash dividend of $10.3125 per share was declared on
its Noncumulative Perpetual Series K Preferred Stock. This dividend
equals $0.25781250 per depositary share, each representing 1/40th
interest in a share of Series K Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrK.” The Series K Preferred Stock
dividend is payable on October 29, 2021, to shareholders of record
as of October 15, 2021.
A quarterly cash dividend of $10.6250 per share was declared on
its Noncumulative Perpetual Series L Preferred Stock. This dividend
equals $0.265625 per depositary share, each representing 1/40th
interest in a share of Series L Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrL.” The Series L Preferred Stock
dividend is payable on October 29, 2021, to shareholders of record
as of October 15, 2021.
An initial quarterly cash dividend of $11.00 per share was
declared on its Noncumulative Perpetual Series M Preferred Stock.
This dividend equals $0.275000 per depositary share, each
representing 1/40th interest in a share of Series M Preferred
Stock, which is traded on the NYSE under the symbol “FRCPrM.” The
Series M Preferred Stock dividend is payable on October 29, 2021,
to shareholders of record as of October 15, 2021.
About First Republic
Bank
Founded in 1985, First Republic and its subsidiaries offer
private banking, private business banking and private wealth
management, including investment, trust and brokerage services.
First Republic specializes in delivering exceptional,
relationship-based service and offers a complete line of products,
including residential, commercial and personal loans, deposit
services, and wealth management. Services are offered through
preferred banking or wealth management offices primarily in San
Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and
San Diego, California; Portland, Oregon; Boston, Massachusetts;
Palm Beach, Florida; Greenwich, Connecticut; New York, New York;
and Jackson, Wyoming. First Republic is a constituent of the
S&P 500 Index and KBW Nasdaq Bank Index. For more information,
visit firstrepublic.com.
FRC-F
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version on businesswire.com: https://www.businesswire.com/news/home/20211005005187/en/
Investors: Andrew Greenebaum / Lasse Glassen Addo
Investor Relations agreenebaum@addo.com, lglassen@addo.com (310)
829-5400
Media: Greg Berardi Blue Marlin Partners
gberardi@firstrepublic.com (415) 239-7826
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