First Citizens BancShares Declares Dividends
October 27 2020 - 04:12PM
The Board of Directors of First Citizens BancShares Inc. (Nasdaq:
FCNCA) declared on Oct. 27, 2020, a quarterly dividend of 47 cents
per share on the company’s Class A and Class B common stock. The
dividend is payable Jan. 4, 2021, to shareholders of record Dec.
14, 2020.
The Board also declared a regular quarterly dividend on the
company’s 5.375% non-cumulative perpetual preferred stock, Series
A, to be paid on Dec. 15, 2020, to holders of record as of Nov. 30,
2020.
(There are currently 345,000 outstanding shares of the Series A
preferred stock which are held pursuant to a Deposit Agreement
dated March 12, 2020. Under that agreement, an aggregate of
13,800,000 depositary shares were issued, each representing a
1/40th interest in a share of the Series A preferred stock.)
ABOUT FIRST CITIZENS
BANCSHARES
First Citizens BancShares Inc. is the financial holding company
for First Citizens Bank. First Citizens Bank provides a broad range
of financial services to individuals, businesses, professionals and
the medical community through branch offices in 19 states, digital
banking, ATMs and telephone banking. As of Sept. 30, 2020,
BancShares had total assets of $48.67 billion. For more
information, visit First Citizens’ Web site at
firstcitizens.com.
Contact:Barbara ThompsonFirst Citizens
BancShares919-716-2716
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