Wintrust Financial Corporation Announces Cash Dividend
April 27 2017 - 4:01PM
Wintrust Financial Corporation (“Wintrust” or the “Company”)
(Nasdaq:WTFC) today announced that the Company’s Board of Directors
approved a quarterly cash dividend of $0.14 per share of
outstanding common stock. The dividend is payable on May 25,
2017 to shareholders of record as of May 11, 2017.
Additionally, the Company’s Board of Directors
approved quarterly cash dividends on outstanding shares of the
Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual
Preferred Stock, Series D. The dividend is payable on July
15, 2017 to shareholders of record as of July 1, 2017.
Lastly, on April 17, 2017, the Company announced
that all outstanding shares of 5.00% Non-Cumulative Perpetual
Convertible Preferred Stock, Series C will be mandatorily converted
as of today.
About Wintrust
Wintrust is a financial holding company with
assets of approximately $26 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 150 banking locations
located in the greater Chicago and southern Wisconsin 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 most recent Annual Report on Form 10-K and in any of the
Company’s subsequent SEC filings. Forward-looking statements speak
only as of the date made and Wintrust undertakes no duty to update
the information.
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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