Triumph Financial Announces Quarterly Cash Dividend for Series C Preferred Stock
DALLAS, Feb. 28, 2025 – In an exciting development for investors, Triumph Financial, Inc. (TFIN) recently announced that its Board of Directors declared a quarterly cash dividend for the 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. This dividend is represented by depositary shares, each representing a 1/40th interest in a share of preferred stock, traded on Nasdaq under the symbol TFINP.
Details of the Dividend
The dividend amount declared is a substantial $17.81 per share, which translates to $0.44525 per depositary share. The dividend is scheduled to be paid on March 30, 2025, to holders of record at the close of business on March 15, 2025.
Impact on Individual Investors
For those investors who hold depositary shares of TFINP, this dividend announcement represents a significant financial boost. With a dividend yield of approximately 7.13% at the time of this writing, this dividend payment is an attractive proposition for income-focused investors. This consistent yield, combined with the quarterly payment schedule, provides a reliable source of income for investors in Triumph Financial’s preferred stock.
Impact on the World
While the dividend announcement may not have a direct impact on the world at large, it is an important indicator of the financial health and stability of Triumph Financial. A company’s ability to consistently pay dividends, particularly during times of economic uncertainty, is a strong signal of its financial strength and its commitment to its shareholders. As such, this dividend announcement may serve to bolster investor confidence in the financial sector and the economy as a whole.
Conclusion
In summary, Triumph Financial’s announcement of a quarterly cash dividend for its Series C Preferred Stock represents a significant financial opportunity for those investors holding depositary shares of TFINP. With a yield of approximately 7.13%, this dividend payment provides a reliable source of income for income-focused investors. Furthermore, the company’s ability to consistently pay dividends during economic uncertainty serves as a strong signal of its financial health and stability, potentially bolstering investor confidence in the financial sector and the economy as a whole.
- Triumph Financial declares quarterly cash dividend on Series C Preferred Stock
- Dividend amount: $17.81 per share, or $0.44525 per depositary share
- Payment date: March 30, 2025
- Record date: March 15, 2025
- Impact on individual investors: Attractive income source
- Impact on the world: Signal of financial health and stability
