First Citizens BancShares, Inc. 5.375 DEP PFD A declares $0.3359 dividend

What happened

First Citizens BancShares, Inc. declared a dividend of $0.3359 on its 5.375 DEP PFD A, a series of preferred stock that pays a set dividend, as stated in the supplied title.

Confirmed

Global impact / market context

The declared $0.3359 dividend is cash income for holders of this preferred stock. Because the article gives no share price, investors cannot yet compare the payout with the cost of buying the shares.

Analyst inference

The supplied text contains only a disclaimer and gives no trading price, dividend yield or market reaction. Without the preferred share price, the cash return from this dividend cannot be measured against alternatives.

Analyst inference

What to watch

1. The declared dividend amount is $0.3359 per share for the 5.375 DEP PFD A series, as stated in the supplied title. Confirmed
2. Watch whether later dividend declarations for this preferred series stay at $0.3359 or change, since a cut or increase would alter the cash income holders receive. Analyst inference
3. Watch the preferred share price, because it sets the cash return a buyer gets from the $0.3359 dividend relative to what they pay. Analyst inference

Evidence

• seekingalpha.com