Dividends
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Dividends and Poker
When playing poker you receive rakeback from the poker
rooms. Meaning part of the poker room earnings go back to the players. Rakeback is a dividend from the poker room to the
player as a loyalty bonus for playing with them.
Seacoast Banking Corporation of Florida (SBCF) Suspends Dividends
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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.
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Seacoast Banking's board of directors also intends to defer distributions on its $53.6 million of outstanding trust preferred securities.
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