Taylor Capital Sets Preferred Dividend

Commercial banking concern Taylor Capital Groupannounced today its third-quarter dividend on the trust securities of TAYC Capital Trust I. The quarterly dividend is set at an annualized rate of 9.75%, payable on Sept. 30 to holders of record on Sept. 27.

TAYC Capital Trust I is an unconsolidated subsidiary of Taylor Capital, which no longer pays a quarterly dividend on its common stock, having ended the practice in 2008. Taylor Capital Group is the parent company of Cole Taylor Bank.

The article Taylor Capital Sets Preferred Dividend originally appeared on Fool.com.

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