First Citizens BancShares Sets September Dividend Payouts
Investors holding First Citizens BancShares common and preferred stock are slated for a September 15 payout, following the board's latest dividend declaration. Shareholders of record as of August 31 will receive distributions ranging from standard common stock dividends to specific payments on the firm's diverse series of preferred shares.
The Raleigh-based financial institution, which manages over $225 billion in assets, confirmed a quarterly dividend of $2.10 per share for both Class A and Class B common stock. Alongside these payments, the company authorized dividends for five distinct series of non-cumulative perpetual preferred stock.
Payouts for preferred holders include $13.4375 per share for Series A, $20.183676 for Series B, and $0.351563 for Series C. The company also set distributions at $1,750 per share for Series D and $16.56 per share for Series E. These figures correspond to specific per-depositary share distributions of $0.335938, $17.50, and $0.414 for series A, D, and E respectively.
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