Seacoast Banking Corporation of Florida (SBCF) Suspends Dividends
More News related to SBCF
- Seacoast Banking Corporation of Florida to Participate in Sandler O'Neill & Partners, L.P.'s 2009 East Coast Financial Services Conference
- Seacoast Banking (SBCF) Misses Q3 EPS Target, Posts Loss of $1.21
- Seacoast Reports Results for Third Quarter 2009
- Chesapeake Utilities Corporation and Florida Public Utilities Company Complete Merger
- Trading Radar for 10/29: Exxon (XOM), Motorola (MOT), Waste Management (WM) Report
Seacoast Banking Corporation of Florida (Nasdaq: SBCF) announced that the Company's board of directors has determined to suspend regular quarterly cash dividends on its outstanding common stock and preferred stock as a result of recently adopted Federal Reserve policies related to dividend and other payments in light of stressed market conditions. The Company's board of directors took this action in consultation with the Federal Reserve as required by recent policy guidance.
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!
Seacoast Banking's board of directors also intends to defer distributions on its $53.6 million of outstanding trust preferred securities.
Related Categories
Corporate NewsDividends
Stocks Mentioned
-0.11Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
