TCF Declares Quarterly Cash Dividends
WAYZATA, Minn.--(BUSINESS WIRE)-- The Board of Directors of TCF Financial Corporation ("TCF") (NYS: TCB) today declared quarterly cash dividends on TCF's common shares, 7.50% Series A Non-Cumulative Perpetual Preferred Stock and 6.45% Series B Non-Cumulative Perpetual Preferred Stock.
A quarterly cash dividend of $.05 per common share is payable on May 31, 2013 to stockholders of record at the close of business on May 15, 2013. At March 31, 2013, there were 163.9 million common shares outstanding listed on the New York Stock Exchange under the symbol TCB.
A quarterly cash dividend of $.46875 per depositary share is payable on June 3, 2013 to holders of record of the depositary shares, representing a 1/1,000th interest in a share of the 7.50% Series A Non-Cumulative Perpetual Preferred Stock, at the close of business on May 15, 2013.
A quarterly cash dividend of $.403125 per share is payable on June 3, 2013 to holders of record of the 6.45% Series B Non-Cumulative Perpetual Preferred Stock at the close of business on May 15, 2013.
About TCF Financial Corporation
TCF Financial Corporation is a Wayzata, Minnesota-based national bank holding company with $18.2 billion in total assets at December 31, 2012. The company has nearly 430 branches in Minnesota, Illinois, Michigan, Colorado, Wisconsin, Indiana, Arizona and South Dakota, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing and equipment finance business in all 50 states, commercial inventory finance business in the U.S. and Canada, and indirect auto finance business in over 40 states. For more information about TCF, please visit http://ir.tcfbank.com.
TCF Financial Corporation, Wayzata
Jason Korstange, 952-745-2755
KEYWORDS: United States North America Arizona Colorado Illinois Indiana Michigan Minnesota South Dakota Wisconsin
The article TCF Declares Quarterly Cash Dividends originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.