First Guaranty Bancshares, Inc. 8-K
Research Summary
AI-generated summary
First Guaranty Bancshares Announces Quarterly Dividend on Series A Preferred
What Happened
First Guaranty Bancshares, Inc. (FGBI) filed an 8-K (Item 8.01) reporting it declared a quarterly cash dividend on its 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The declared dividend is $16.875 per share of Series A Preferred, which will be paid on March 2, 2026 to the depositary. Holders of the company’s depositary shares (each representing a 1/40th interest in a Series A Preferred share) of record on February 15, 2026 will receive $0.421875 per depositary share.
Key Details
- Filing date: February 9, 2026 (Form 8-K, Item 8.01).
- Record date for depositary shares: February 15, 2026.
- Payment date: March 2, 2026 (dividend paid to the depositary, then distributed to depositary share holders).
- Dividend amounts: $16.875 per Series A Preferred share (quarterly); $0.421875 per depositary share (each equals 1/40th interest).
Why It Matters
This confirms FGBI’s scheduled preferred-stock dividend payment and provides exact timing and amounts for investors holding the company’s depositary shares. Because the Series A preferred is non-cumulative, dividends are paid only when declared — past unpaid dividends would not accrue automatically. For income-focused investors holding these depositary shares, the filing clarifies the expected cash payment and record/pay dates. The 8-K was signed by CFO Eric J. Dosch.