Triumph Financial, Inc. 8-K
Research Summary
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Triumph Financial Declares Quarterly Dividend on 7.125% Series C Preferred
What Happened
Triumph Financial, Inc. (TFIN) announced on Form 8-K (filed May 29, 2026) that its board declared a quarterly cash dividend on its 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend is $17.81 per preferred share (equivalent to $0.44525 per depositary share, each depositary share representing a 1/40 interest) and is payable June 30, 2026 to holders of record as of June 15, 2026. A press release dated May 29, 2026 was attached as Exhibit 99.1.
Key Details
- Security: 7.125% Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock.
- Dividend amount: $17.81 per preferred share; $0.44525 per depositary share (1/40 interest).
- Record date: June 15, 2026; Payment date: June 30, 2026.
- Filing: Form 8-K, Item 8.01 (Other Events); press release included as Exhibit 99.1.
Why It Matters
This is a cash income event for holders of Triumph’s Series C preferred/depositary shares—income investors will receive the declared payment on June 30 if they hold shares on the June 15 record date. Note the Series C shares are non‑cumulative and perpetual (missed dividends do not accrue), so this declaration is a board decision each quarter and not a guaranteed future payment. The filing also includes standard forward‑looking statements and risk-factor references for investors to consider.