Wintrust Financial Corporation Announces Quarterly Cash Dividend Increase to $0.50 per Share

Wintrust Financial Corporation declares a $0.50 quarterly dividend, marking an 11.1% increase from 2024.

Quiver AI Summary

Wintrust Financial Corporation announced a quarterly cash dividend of $0.50 per share for its common stock, reflecting an 11.1% increase from the previous quarter's $0.45 dividend. The payment will be made on February 20, 2025, to shareholders recorded by February 6, 2025. Additionally, the company approved dividends for its Series D and Series E preferred stocks, which will be paid on April 15, 2025, for shareholders recorded by April 1, 2025. Wintrust operates as a financial holding company with approximately $64.9 billion in assets, emphasizing community banking and a wide range of non-bank financial services across the greater Chicago and southern Wisconsin areas. The press release includes forward-looking statements and encourages investors to consider various risks that may affect future results.

Potential Positives

• Wintrust Financial Corporation has approved a quarterly cash dividend of $0.50 per share, which marks an 11.1% increase from the previous quarter's dividend of $0.45.
• The dividend increase demonstrates the company's commitment to returning value to shareholders and reflects positive financial performance.
• The company continues to actively manage its preferred stock with announced dividends for its Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D, and Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E.
• Wintrust’s diverse portfolio of community banking and non-bank businesses underscores its role as a significant player in the financial sector with considerable assets of approximately $64.9 billion.

Potential Negatives

• The announcement of a quarterly cash dividend increase, while positive, may signify pressures on the company's cash flow or profitability if such increases are not sustainable in the future.
• The company's reliance on dividends might raise concerns among investors about the long-term growth potential, especially in an uncertain economic environment.
• The inclusion of forward-looking statements highlights the risks and uncertainties surrounding the company's future financial expectations, which may create a sense of caution among investors.

FAQ

What is the new dividend amount approved by Wintrust?

Wintrust's Board of Directors approved a quarterly cash dividend of $0.50 per share, up from $0.45.

When will the new dividend be payable?

The dividend is payable on February 20, 2025, to shareholders of record as of February 6, 2025.

What preferred stock dividends did Wintrust approve?

Wintrust approved dividends for its 6.50% Fixed-to-Floating Series D and 6.875% Fixed-Rate Series E preferred stocks.

When are the preferred stock dividends payable?

These dividends are payable on April 15, 2025, to shareholders of record as of April 1, 2025.

What type of company is Wintrust Financial Corporation?

Wintrust is a financial holding company offering community banking services with assets of approximately $64.9 billion.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$WTFC Insider Trading Activity

$WTFC insiders have traded $WTFC stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $WTFC stock by insiders over the last 6 months:

• DAVID A DYKSTRA (VICE CHAIRMAN AND COO) sold 15,492 shares for an estimated $1,789,016
• RICHARD B MURPHY (VICE CHAIR,CHIEF LENDING OFC) sold 4,099 shares for an estimated $473,967
• DAVID L STOEHR (CHIEF FINANCIAL OFFICER) sold 1,607 shares for an estimated $182,330
• JEFFREY D HAHNFELD (EVP-CONTROLLER & CHIEF ACC OFF) has made 0 purchases and 2 sales selling 485 shares for an estimated $67,693.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$WTFC Hedge Fund Activity

We have seen 224 institutional investors add shares of $WTFC stock to their portfolio, and 160 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• FMR LLC added 637,072 shares (+14.1%) to their portfolio in Q3 2024, for an estimated $69,141,424
• VANGUARD GROUP INC added 375,486 shares (+5.8%) to their portfolio in Q3 2024, for an estimated $40,751,495
• CLEARBRIDGE INVESTMENTS, LLC added 365,617 shares (+148.2%) to their portfolio in Q3 2024, for an estimated $39,680,413
• CITADEL ADVISORS LLC added 364,755 shares (+inf%) to their portfolio in Q3 2024, for an estimated $39,586,860
• VICTORY CAPITAL MANAGEMENT INC removed 310,497 shares (-18.9%) from their portfolio in Q3 2024, for an estimated $33,698,239
• BLACKROCK, INC. added 301,105 shares (+5.3%) to their portfolio in Q3 2024, for an estimated $32,678,925
• JPMORGAN CHASE & CO removed 286,401 shares (-20.3%) from their portfolio in Q3 2024, for an estimated $31,083,100

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

ROSEMONT, Ill., Jan. 23, 2025 (GLOBE NEWSWIRE) -- Wintrust Financial Corporation (“Wintrust” or the “Company”) (Nasdaq: WTFC) today announced that the Company’s Board of Directors approved a quarterly cash dividend of $0.50 per share of outstanding common stock. The dividend is payable on February 20, 2025 to shareholders of record as of February 6, 2025. This represents an increase of approximately 11.1% from the $0.45 quarterly cash dividend paid in each of the quarters of 2024.

Additionally, the Company’s Board of Directors approved quarterly cash dividends on outstanding shares of the Company’s 6.50% Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series D and of the Company’s 6.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series E. Each dividend is payable on April 15, 2025 to shareholders of record as of April 1, 2025.

About Wintrust

Wintrust is a financial holding company with assets approximately $64.9 billion whose common stock is traded on the Nasdaq Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 200 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

Forward-Looking Information

This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and actual events or results may differ materially. Wintrust's expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" and the forward-looking statement disclosure contained in Wintrust's most recent Annual Report on Form 10-K and in any of the Company’s subsequent SEC filings. Forward-looking statements speak only as of the date made and Wintrust undertakes no duty to update the information.

FOR MORE INFORMATION CONTACT:



Timothy S. Crane, President & Chief Executive Officer


David A. Dykstra, Vice Chairman & Chief Operating Officer


(847) 939-9000


Website address: www.wintrust.com

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.