City National Corporation declares Preferred Stock Dividends

PUBLISHED: 19 Apr 2015 @ 11:25 | Comments (0) |

What are the details?

City National Corporation (NYSE:CYN) has announced that it has declared cash dividends on its outstanding series of preferred stock.

A quarterly cash dividend of $13.75 per share was declared on its 5.50% Non‑Cumulative Perpetual Preferred Stock, Series C (equivalent to $0.34375 per related depositary share), payable on May 13, 2015 to shareholders of record on April 27, 2015.

A quarterly cash dividend of $16.875 per share was declared on its 6.750% Fixed Rate/Floating Rate Non‑Cumulative Preferred Stock, Series D (equivalent to $0.421875 per related depositary share), payable on May 7, 2015 to shareholders of record on April 27, 2015.

City National Corporation has $32.6 billion in assets. The company’s wholly owned subsidiary, City National Bank, provides banking, investment and trust services through 75 offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National and its investment affiliates manage or administer $60.8 billion in client investment assets, including $48.1 billion under direct management.

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