Ex-Div Reminder for Texas Capital Bancshares Non-Cumulative Perpetual Preferred Stock, Series A
August 26, 2016 at 13:47 PM EDT
On 8/30/16, Texas Capital Bancshares Inc's 6.50% Non-Cumulative Perpetual Preferred Stock, Series A (TCBIP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 9/15/16. As a percentage of TCBIP's recent share price of $26.82, this dividend works out to approximately 1.51%, so look for shares of TCBIP to trade 1.51% lower all else being equal when TCBIP shares open for trading on 8/30/16..