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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Silvergate Capital Corporation | NYSE:SI | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 0 | 01:00:00 |
Silvergate Capital Corporation (the "Company" or "Silvergate") (NYSE: SI), the leading provider of innovative financial infrastructure solutions to the digital asset industry, today announced that the Company has suspended the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital. This decision reflects the Company’s focus on maintaining a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry. The Company continues to maintain a cash position in excess of its digital asset customer related deposits.
The Company’s Board of Directors will re-evaluate the payment of quarterly dividends as market conditions evolve.
About Silvergate
Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the digital asset industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving digital asset companies and investors around the world. Silvergate is enabling digital asset markets and reshaping global commerce for a digital asset future.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230126006026/en/
Investor Relations: Edelman Smithfield for Silvergate (858) 200-3782 investors@silvergate.com Media: Edelman Smithfield for Silvergate press@silvergate.com
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