TUPELO,
Miss. and HOUSTON,
July 26,
2023 /PRNewswire/ -- At its meeting today, the board
of directors of Cadence Bank (NYSE:
CADE) (Cadence) declared a quarterly cash dividend of $0.235 per share of common stock. The common
stock dividend is payable on October 2,
2023, to shareholders of record at the close of business on
September 15, 2023.
The board of directors also declared a quarterly cash dividend
of $0.34375 per share of Series A
Preferred Stock. The preferred stock dividend is payable on
August 21, 2023, to shareholders of
record at the close of business on August 4,
2023.
Cadence earlier reported financial results for the second
quarter of 2023. Net income available to common shareholders was
$111.7 million, or $0.61 per diluted share, and adjusted net income
available to common shareholders was $116.9
million, or $0.64 per diluted
share.
About Cadence Bank
Cadence Bank (NYSE: CADE) is a
leading regional banking franchise with approximately $50 billion in assets and over 350 branch
locations across the South and Texas. Cadence provides consumers, businesses
and corporations with a full range of innovative banking and
financial solutions. Services and products include consumer
banking, consumer loans, mortgages, home equity lines and loans,
credit cards, commercial and business banking, treasury management,
specialized lending, asset-based lending, commercial real estate,
equipment financing, correspondent banking, SBA lending, foreign
exchange, wealth management, investment and trust services,
financial planning, retirement plan management, and personal and
business insurance. Cadence is committed to a culture of respect,
diversity and inclusion in both its workplace and communities.
Cadence Bank, Member FDIC. Equal
Housing Lender.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cadence-bank-declares-quarterly-common-and-preferred-dividends-301886708.html
SOURCE Cadence Bank