SANTA CLARA, Calif.,
Jan. 23, 2020 /PRNewswire/
-- SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced
that its Board of Directors declared a quarterly cash dividend of
$9.625 per share on SVB's 5.250%
fixed-rate non-cumulative perpetual Series A Preferred Stock,
liquidation amount $1,000 per share, which are
represented by depositary shares (NASDAQ: SIVBP), each representing
a 1/40th interest in a share of preferred stock. Holders
of depositary shares will receive $0.240625 per depositary share. The dividend is
payable on February 18, 2020 to
holders of record at the close of business on February 3, 2020.
About SVB Financial Group
For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its
subsidiaries have helped innovative companies and their investors
move bold ideas forward, fast. SVB Financial Group's businesses,
including Silicon Valley Bank, offer commercial, investment and
private banking, asset management, private wealth management,
brokerage and investment services and funds management services to
companies in the technology, life science and healthcare, private
equity and venture capital, and premium wine industries.
Headquartered in Santa Clara,
California, SVB Financial Group operates in centers of
innovation around the world. Learn more at www.svb.com.
[SIVB-F]
SVB Financial Group is the holding company for all business
units and groups © 2020 SVB Financial Group. All rights
reserved. SVB, SVB >, SVB Financial Group, Silicon Valley Bank,
Make Next Happen Now and the chevron device are trademarks of SVB
Financial Group, used under license. Silicon Valley Bank is a
member of the FDIC and the Federal Reserve System. Silicon Valley
Bank is the California bank
subsidiary of SVB Financial Group.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are subject to known and unknown risks
and uncertainties, many of which may be beyond SVB Financial
Group's control. Forward-looking statements are statements that are
not historical facts and generally can be identified by the use of
such words as "becoming," "may," "will," "should," "could,"
"would," "predict," "potential," "continue," "anticipate,"
"believe," "estimate," "seek," "expect," "plan," "intend," the
negative of such words or comparable terminology. Although SVB
Financial Group believes that the expectations reflected in SVB
Financial Group's forward-looking statements are reasonable, SVB
Financial Group has based these expectations on its current beliefs
as well as its assumptions, and such expectations may not prove to
be correct. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and
many of which are outside SVB Financial Group's control. SVB
Financial Group's actual results of operations and financial
performance could differ significantly from those expressed in or
implied by SVB Financial Group forward-looking statements. The
forward-looking statements included in this disclosure are made
only as of the date of this disclosure. SVB Financial Group does
not intend, and undertakes no obligation, to update these
forward-looking statements.
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SOURCE SVB Financial Group