Taylor Capital Sets Preferred Dividends

Commercial banking concern Taylor Capital Groupannounced yesterday its third-quarter dividend of $0.50 per share on its Series A perpetual non-cumulative preferred stock, which trades on the Nasdaq exchange under the symbol TAYCO.

The quarterly dividend equates to a $2.00-per-share payout on an annualized basis, and is payable on Aug. 15 to the holders of record at the close of business on July 31.

Taylor Capital no longer pays a quarterly dividend on its common stock, having ended the practice in 2008.

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

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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