Wintrust Financial Corporation Announces Cash Dividends, Increasing Quarterly Common Stock Dividend Rate 35.7%
January 25 2018 - 6:04PM
Wintrust Financial Corporation (“Wintrust” or the “Company”)
(Nasdaq:WTFC) today announced that the Company’s Board of Directors
approved a quarterly cash dividend of $0.19 per share of
outstanding common stock. The dividend is payable on February
22, 2018 to shareholders of record as of February 8, 2018.
This represents an increase of approximately 35.7% from the $0.14
quarterly cash dividend paid in each of the quarters of 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 April
15, 2018 to shareholders of record as of April 1, 2018.
About Wintrust
Wintrust is a financial holding company with
assets of approximately $28 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, with over 150 banking locations
located in the greater Chicago and southern Wisconsin market areas.
Additionally, Wintrust operates various non-bank business units
including business units which provide commercial and life
insurance premium financing in the United States, a premium finance
company operating in 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
OfficerDavid A. Dykstra, Senior Executive Vice President &
Chief Operating Officer(847) 939-9000Website address:
www.wintrust.com
Wintrust Financial (NASDAQ:WTFC)
Historical Stock Chart
From Aug 2024 to Sep 2024
Wintrust Financial (NASDAQ:WTFC)
Historical Stock Chart
From Sep 2023 to Sep 2024