CADE-A Cadence Bank 5.50% Series A Non-Cumulative Perpetual Preferred

Non-cumulative distributions of 5.50% per annum ($1.375 per annum or $0.34375 per quarter) will be paid quarterly on 2/20, 5/20, 8/20 & 11/20 to holders of record on the record date which shall be the 15th calendar day before that dividend payment date or a date fixed by the board, not more than 60 days or less than 10 days prior to the payment date. Redeemable at the issuer's option on or after 11/20/2024 at $25 per share plus declared and unpaid dividends, and with no stated maturity.   This security was issued by Cadence Bancorporation, whose common stock symbol is CADE.

$19.36  +0.26 (1.36%)
As of 03/24/2023 16:00:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Banks-Regional
Index country:  USA
Country of incorporation:  USA
IPO date:  10/29/2021
Outstanding shares:  6,000,000
Average volume:  4,443
Market cap:   $140,700,000
Current dividend yield:  5.86%    calculation
Coupon rate:    5.500%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   11/20/2024
Maturity date:    n/a - perpetual
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol: