Dividends on Five Series of Perpetual Preferred Stock are Announced by First Republic Bank

Published on: 04 April 2022
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First Republic Bank's perpetual preferred stock will receive cash dividends. The quarterly dividend is $10.31250 per share. Series K Preferred Stock dividend due for shareholders with records as of April 14, 2022. Series M Preferred Stock dividend due April 29, 2022 to shareholders as of April 14, 2022. 1985: First Republic Bank was founded. 

The following outstanding series of First Republic Bank's perpetual preferred stock will receive cash dividend payments, the renowned private bank and wealth management firm announced today.

Its Noncumulative Perpetual Series J Preferred Stock has been declared to be paying a quarterly cash dividend of $11.750 per share. Each depositary share, which represents a 1/40th interest in a share of Series J Preferred Stock and is traded on the NYSE under the ticker symbol "FRCPrJ," is worth $0.293750. To shareholders with records as of April 14, 2022, the Series J Preferred Stock dividend is due on April 29, 2022.

A quarterly cash dividend of $10.31250 per share was declared. Each depositary share, which represents 1/40th of an interest in a share of Series K Preferred Stock and is traded on the NYSE under the symbol "FRCPrK," is worth $0.25781250. For shareholders with records as of April 14, 2022, the Series K Preferred Stock dividend is due on April 29, 2022.

Its Noncumulative Perpetual Series L Preferred Stock has been declared to be paying a quarterly cash dividend of $10.6250 per share. Each depositary share, which represents 1/40th of a share of Series L Preferred Stock and is traded on the NYSE under the ticker symbol "FRCPrL," is worth $0.2656250. For shareholders with records as of April 14, 2022, the Series L Preferred Stock dividend is due on April 29, 2022.

Its Noncumulative Perpetual Series M Preferred Stock has been declared to be paying a quarterly cash dividend of $10.00 per share. Each depositary share, which represents 1/40th of an interest in a share of Series M Preferred Stock and is traded on the NYSE under the symbol "FRCPrM," is worth $0.250. The Series M Preferred Stock dividend is due to shareholders with records as of April 14, 2022 on April 29, 2022.

Its Noncumulative Perpetual Series N Preferred Stock has been declared to be paying a quarterly cash dividend of $11.250 per share. Each depositary share, which represents 1/40th of an interest in a share of Series N Preferred Stock and is traded on the NYSE under the symbol "FRCPrN," is worth $0.281250. For shareholders with records as of April 14, 2022, the Series N Preferred Stock dividend is due on April 29, 2022.

Concerning First Republic Bank

First Republic, a company it founded in 1985, provides private banking, private business banking, and private wealth management. First Republic offers a full range of products, including residential, commercial, and personal loans, deposit services, and private wealth management, which includes investment, brokerage, insurance, trust, and foreign exchange services. The company specializes in providing exceptional, relationship-based service. In addition to Portland, Oregon, Boston, Massachusetts, Palm Beach, Florida, Greenwich, Connecticut, New York, New York, and Jackson, Wyoming, services are also provided through preferred banking or wealth management offices in those cities as well as San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, and San Diego in California. Both the KBW Nasdaq Bank Index and the S&P 500 Index include First Republic as a component. Visit firstrepublic.com for more details.

Source: First Republic news

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