BWBBP Bridgewater Bancshares, Inc. ADRs of 5.875% Non-Cumulative Perpetual Preferred, Series A
Dividends on the Preferred Stock are payable only when, as and if declared by our board of directors or a duly authorized committee of our board of directors to the extent we have lawfully available funds to pay dividends. If declared, dividends will accrue on a non-cumulative basis at a rate of 5.875% per annum on the liquidation preference of $2,500 per share of Preferred Stock, and be payable quarterly, in arrears, on March 1, June 1, September 1 and December 1 of each year, beginning on December 1, 2021. We may redeem the Preferred Stock at our option, subject to any required regulatory approval, (i) in whole or in part, from time to time, on any dividend payment date on or after August 17, 2026, or (ii) in whole but not in part, at any time within 90 days following a “regulatory capital treatment event” (as defined elsewhere in this prospectus supplement), in each case at a redemption price equal to $2,500 per share of Preferred Stock (equivalent to $25.00 per depositary share), plus any declared and unpaid dividends, to, but not including, the redemption date, without accumulation of any undeclared dividends. This security was issued by Bridgewater Bancshares Inc., whose common stock symbol is BWB.
$18.75 +0.11 (0.59%)
As of 03/27/2023 11:18:28 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks-Regional
Index country: USA
Country of incorporation: USA
IPO date: 08/18/2021
Outstanding shares: 2,400,000
Average volume: 2,239
Market cap: $45,000,000
Current dividend yield: 7.83% calculation
Coupon rate: 5.875%
Cumulative: No
Liquidation value: $25.00
Callable after: 08/17/2026
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: