First Republic Bank Declares Dividends On 6.70% Series A, 6.20% Series B And 5.625% Series C Preferred Stock

First Republic Bank (NYSE:FRC) has announced that it has declared cash dividends on all three outstanding series of its preferred stock.

A quarterly cash dividend of $16.75 per share was declared on its Noncumulative Perpetual Series A Preferred Stock. This dividend equals $0.418750 per depositary share, each representing 1/40 th interest in a share of Series A Preferred Stock, which is traded on the NYSE under the symbol “FRCPrA.” The Series A Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as of December 17, 2012.

A quarterly cash dividend of $15.50 per share was declared on its Noncumulative Perpetual Series B Preferred Stock. This dividend equals $0.38750 per depositary share, each representing 1/40 th interest in a share of Series B Preferred Stock, which is traded on the NYSE under the symbol “FRCPrB.” The Series B Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as of December 17, 2012.

An initial cash dividend of $5.781250 per share was declared on its Noncumulative Perpetual Series C Preferred Stock. This dividend equals $0.14453125 per depositary share, each representing 1/40 th interest in a share of Series C Preferred Stock, which is traded on the NYSE under the symbol “FRCPrC.” The Series C Preferred Stock dividend is payable on December 28, 2012, to shareholders of record as December 17, 2012.

About First Republic Bank

First Republic Bank (NYSE:FRC) and its subsidiaries provide private banking, private business banking and private wealth management. Founded in 1985, First Republic specializes in exceptional, relationship-based service offered through preferred banking or wealth management offices primarily in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Greenwich and New York City. First Republic offers a complete line of banking products for individuals and businesses, including deposit services, as well as residential, commercial and personal loans. First Republic is a component of the S&P Total Market Index, the Wilshire 5000 Total Market Index SM, the Russell 1000®, Russell 3000® and Russell Global indices and six Dow Jones indices.

If you liked this article you might like

Market Recon: You'll Have to Get to Work on the Banks Today

Don't Forget, the Barrage of Bad News for Wells Fargo Will Soon Become a Distant Memory

Wall Street Week Ahead: Is Chaos the New Normal?

Bullish and Bearish Reversals for This Week

Promises, Promises: Can Trump Deliver for Investors?