SVB Financial Group Board of Directors Declares Series A Preferred Stock Dividend
January 27, 20203 min
SVB Financial Group (“SVB”) (NASDAQ: SIVB) today announced that its Board of Directors declared a quarterly cash dividend of $9.625 per share on SVB’s 5.250% fixed-rate non-cumulative perpetual Series A Preferred Stock, liquidation amount $1,000 per share, which are represented by depositary shares (NASDAQ: SIVBP), each representing a 1/40th interest in a share of preferred stock. Holders of depositary shares will receive $0.240625 per depositary share. The dividend is payable on February 18, 2020 to...