Cadence Bancorporation Declares Preferred Stock Dividend

Cadence Bancorporation has declared a quarterly dividend on its preferred stock, Series F, and a dividend on its common shares. The dividend on the preferred stock will be payable on February 21, 2023, to shareholders of record at the close of business on February 3, 2023. The dividend on common shares will be payable February 17, 2023, to shareholders of record at the close of business on January 27, 2023. The Board also declared regular cash dividends on the following series of preferred stock: Series A, Series B, Series C, Series D, Series E, Series F and Series G.

The Series A Preferred stock will have a dividend of $50.00 per share. The Series B Preferred stock will have a dividend of $15.00 per share. The Series C Preferred stock will have a quarterly cash dividend of $165.00 per share. The Series D Preferred stock will have a dividend of $25.00 per share. The Series E Preferred stock will have a dividend of $50.00 per share. The Series F Preferred stock will have a quarterly cash dividend of $1.75 per share. The Series G Preferred stock will have a quarterly cash dividend of $2.50 per share.

Investors are able to purchase preferred stock from the open market, and they are also able to purchase preferred stock directly from the issuer. In order to purchase preferred stock directly from the issuer, Investors should contact their broker or a financial advisor. When purchasing preferred stock, Investors should be aware of any restrictions on the security, such as a call provision or a conversion feature that may be attached to the security.

When researching preferred stock, Investors should consider the security's dividend yield, the issuer's creditworthiness, and any associated risks. The dividend yield is an important factor because it helps Investors determine what the return on their investment will be. The issuer's creditworthiness is also an important factor, as it will determine the stability of the dividend payments and the ability of the issuer to pay the dividends. Lastly, Investors should be aware of any associated risks, such as call provisions or conversion features, that may be attached to the security.

Investors should also be aware of the tax implications of investing in preferred stock. Generally, dividends from preferred stock are taxed at the same rate as ordinary income, however, there are some exceptions. In addition, if the preferred stock is held for more than one year, then the dividends may be eligible for capital gains treatment.