First Republic Bank Declares Dividends on 6.70% Series A, 6.20% Series B, 5.625% Series C and 5.50%
First Republic Bank Declares Dividends on 6.70% Series A, 6.20% Series B, 5.625% Series C and 5.50% Series D Preferred Stock
SAN FRANCISCO--(BUSINESS WIRE)-- First Republic Bank (NYS: FRC) , a leading private bank and wealth management company, today announced that it has declared cash dividends on all four outstanding series of its preferred stock.
A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol "FRCPrA." The Series A Preferred Stock dividend is payable on September 30, 2013, to shareholders of record as of September 19, 2013.
A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40th interest in a share of Series B Preferred Stock, which is traded on the NYSE under the symbol "FRCPrB." The Series B Preferred Stock dividend is payable on September 30, 2013, to shareholders of record as of September 19, 2013.
A quarterly cash dividend of $14.0625 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.3515625 per depositary share, each representing 1/40th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol "FRCPrC." The Series C Preferred Stock dividend is payable on September 30, 2013, to shareholders of record as September 19, 2013.
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 September 30, 2013, to shareholders of record as September 19, 2013.
About First Republic Bank
First Republic Bank (NYS: FRC) is a full-service bank specializing in private banking and private business banking. The Bank's wealth management affiliates offer trust, investment consulting and advisory services. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich, Palm Beach and New York City. 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 www.firstrepublic.com.
Investors:
Addo Communications
Andrew Greenebaum, 310-829-5400
andrewg@addocommunications.com
Lasse Glassen
lasseg@addocommunications.com
or
Media:
Blue Marlin Partners
Greg Berardi, 415-239-7826
greg@bluemarlinpartners.com
KEYWORDS: United States North America California
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The article First Republic Bank Declares Dividends on 6.70% Series A, 6.20% Series B, 5.625% Series C and 5.50% Series D Preferred Stock originally appeared on Fool.com.
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