First Republic Bank Declares Dividends on Five Series of Perpetual Preferred Stock for First Quarter 2018
March 02 2018 - 9:00AM
Business Wire
First Republic Bank (NYSE:FRC), a leading private bank and
wealth management company, today announced that it has declared
cash dividends on the following outstanding series of its perpetual
preferred stock.
A quarterly cash dividend of $13.75 per share was declared on
its Noncumulative Perpetual Series D Preferred Stock. This dividend
equals $0.343750 per depositary share, each representing 1/40th
interest in a share of Series D Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrD.” The Series D Preferred Stock
dividend is payable on March 29, 2018, to shareholders of record as
of March 16, 2018.
A quarterly cash dividend of $17.50 per share was declared on
its Noncumulative Perpetual Series E Preferred Stock. This dividend
equals $0.4375 per depositary share, each representing 1/40th
interest in a share of Series E Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrE.” The Series E Preferred Stock
dividend is payable on March 29, 2018, to shareholders of record as
of March 16, 2018.
A quarterly cash dividend of $14.25 per share was declared on
its Noncumulative Perpetual Series F Preferred Stock. This dividend
equals $0.356250 per depositary share, each representing 1/40th
interest in a share of Series F Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrF.” The Series F Preferred Stock
dividend is payable on March 29, 2018, to shareholders of record as
of March 16, 2018.
A quarterly cash dividend of $13.75 per share was declared on
its Noncumulative Perpetual Series G Preferred Stock. This dividend
equals $0.343750 per depositary share, each representing 1/40th
interest in a share of Series G Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrG.” The Series G Preferred Stock
dividend is payable on March 29, 2018, to shareholders of record as
of March 16, 2018.
A quarterly cash dividend of $12.8125 per share was declared on
its Noncumulative Perpetual Series H Preferred Stock. This dividend
equals $0.3203125 per depositary share, each representing 1/40th
interest in a share of Series H Preferred Stock, which is traded on
the NYSE under the symbol “FRCPrH.” The Series H Preferred Stock
dividend is payable on March 29, 2018, to shareholders of record as
of March 16, 2018.
About First Republic
Bank
Founded in 1985, First Republic and its subsidiaries offer
private banking, private business banking and private wealth
management, including investment, trust and brokerage services.
First Republic specializes in delivering exceptional,
relationship-based service, with a solid commitment to
responsiveness and action. Services are offered through preferred
banking or wealth management offices primarily in San Francisco,
Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego,
California; Portland, Oregon; Boston, Massachusetts; Palm Beach,
Florida; Greenwich, Connecticut; New York, New York; and later in
2018, Jackson, Wyoming. First Republic offers a complete line of
banking products for individuals and businesses, including deposit
services, as well as residential, commercial and personal loans.
For more information, visit firstrepublic.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180302005086/en/
Investors:Addo CommunicationsAndrew Greenebaum,
310-829-5400agreenebaum@addoir.comLasse Glassen,
310-829-5400lglassen@addoir.comorMedia:Blue Marlin
PartnersGreg Berardi, 415-239-7826greg@bluemarlinpartners.com
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