First Republic Bank , a leading private bank and wealth management company, announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock.
A quarterly cash dividend of $11.75 per share was declared on its Noncumulative Perpetual Series J Preferred Stock. This dividend equals $0.293750 per depositary share, each representing 1/40th interest in a share of Series J Preferred Stock, which is traded on the NYSE under the symbol “FRCPrJ.” The Series J Preferred Stock dividend is payable on January 28, 2022, to shareholders of record as of January 14, 2022.
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A quarterly cash dividend of $10.3125 per share was declared on its Noncumulative Perpetual Series K Preferred Stock. This dividend equals $0.25781250 per depositary share, each representing 1/40th interest in a share of Series K Preferred Stock, which is traded on the NYSE under the symbol “FRCPrK.” The Series K Preferred Stock dividend is payable on January 28, 2022, to shareholders of record as of January 14, 2022.
A quarterly cash dividend of $10.6250 per share was declared on its Noncumulative Perpetual Series L Preferred Stock. This dividend equals $0.265625 per depositary share, each representing 1/40th interest in a share of Series L Preferred Stock, which is traded on the NYSE under the symbol “FRCPrL.” The Series L Preferred Stock dividend is payable on January 28, 2022, to shareholders of record as of January 14, 2022.
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A quarterly cash dividend of $10.00 per share was declared on its Noncumulative Perpetual Series M Preferred Stock. This dividend equals $0.250000 per depositary share, each representing 1/40th interest in a share of Series M Preferred Stock, which is traded on the NYSE under the symbol “FRCPrM.” The Series M Preferred Stock dividend is payable on January 28, 2022, to shareholders of record as of January 14, 2022.
An initial quarterly cash dividend of $7.6250 per share was declared on its Noncumulative Perpetual Series N Preferred Stock. This dividend equals $0.190625 per depositary share, each representing 1/40th interest in a share of Series N Preferred Stock, which is traded on the NYSE under the symbol “FRCPrN.” The Series N Preferred Stock dividend is payable on January 28, 2022, to shareholders of record as of January 14, 2022.
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