Wintrust Financial Corporation Announces Cash Dividend
July 24 2014 - 5:52PM
Wintrust Financial Corporation ("Wintrust" or the "Company")
(Nasdaq:WTFC) today announced that the Company's Board of Directors
approved a quarterly cash dividend of $0.10 per share of
outstanding common stock. The dividend is payable on August 21,
2014 to shareholders of record as of August 7, 2014. As previously
announced, subject to ongoing Board of Director approval, future
dividend payments will be made on a quarterly basis rather than the
Company's practice prior to 2014 of paying dividends on a
semi-annual basis. On an annualized basis, this quarterly dividend
payment represents an increase of 122% over the 2013 annual
dividend rate of $0.18 per share.
About Wintrust
Wintrust is a financial holding company with assets of
approximately $19 billion whose common stock is traded on the
NASDAQ Global Select Market. Built on the "HAVE IT ALL" model,
Wintrust offers sophisticated technology and resources of a large
bank while focusing on providing service-based community banking to
each and every customer. Wintrust operates fifteen community bank
subsidiaries, now with over 120 banking locations located in the
greater Chicago and Milwaukee market areas. Additionally, the
Company operates various non-bank business units including one of
the largest commercial insurance premium finance companies
operating in the United States and Canada, a company providing
short-term accounts receivable financing and value-added
out-sourced administrative services to the temporary staffing
services industry, a business unit engaging primarily in the
origination and purchase of residential mortgages for sale into the
secondary market throughout the United States, and companies
providing wealth management services.
Forward-Looking Information
This press release contains forward-looking statements within
the meaning of the federal securities laws. Investors are cautioned
that such statements are predictions and actual events or results
may differ materially. Wintrust's expected financial results or
other plans are subject to a number of risks and uncertainties. For
a discussion of such risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see "Risk Factors" and the
forward-looking statement disclosure contained in Wintrust's Annual
Report on Form 10-K for the most recently ended fiscal year.
Forward-looking statements speak only as of the date made and
Wintrust undertakes no duty to update the information.
CONTACT: FOR MORE INFORMATION CONTACT:
Edward J. Wehmer, President & Chief Executive Officer
David A. Dykstra, Senior Executive Vice President & Chief Operating Officer
(847) 939-9000
Website address: www.wintrust.com
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