Triumph Financial Declares Quarterly Series C Preferred Dividend
$TFIN · Triumph Financial, Inc.Research Summary
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Triumph Financial Declares Quarterly Series C Preferred Dividend
What Happened
Triumph Financial, Inc. (TFIN) announced in an 8-K 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 Series C preferred share (equivalent to $0.44525 per depositary share, each depositary share representing a 1/40 interest in a Series C share). The dividend is payable on September 30, 2026 to holders of record as of September 15, 2026. The filing includes a press release (Exhibit 99.1) and was signed August 31, 2026.
Key Details
- Dividend: $17.81 per Series C preferred share (fixed-rate 7.125%).
- Depositary share equivalent: $0.44525 per depositary share (each = 1/40 of a share).
- Record date: September 15, 2026; Payment date: September 30, 2026.
- Security type: Series C Fixed-Rate Non-Cumulative Perpetual Preferred Stock (non-cumulative means missed dividends are not required to be paid later).
Why It Matters
This is a routine cash dividend payment for holders of Triumph’s Series C preferred stock and is relevant for income-focused investors and preferred-shareholders tracking expected distributions. Because the Series C is non-cumulative and perpetual, dividend payments are discretionary and do not create an obligation to make up missed payments in the future. The filing also contains standard forward-looking statement disclosures and refers investors to Triumph’s 2026 Form 10-K risk factors for additional context.