Cash Dividend On The Way From Texas Capital Bancshares Non-Cumulative Perpetual Preferred Stock, Series A

On 11/26/14, Texas Capital Bancshares Inc's 6.50% Non-Cumulative Perpetual Preferred Stock, Series A (NASD: TCBIP) will trade ex-dividend, for its quarterly dividend of $0.4062, payable on 12/15/14. As a percentage of TCBIP's recent share price of $24.72, this dividend works out to approximately 1.64%, so look for shares of TCBIP to trade 1.64% lower — all else being equal — when TCBIP shares open for trading on 11/26/14. On an annualized basis, the current yield is approximately 6.53%, whic...