First Citizens Preferred Share Dividend to Pay Dec. 15

Investors holding Series A depositary shares will receive $0.335938 per share following the December record date.

Updated on Oct. 26, 2026 in Banking

First Citizens Preferred Share Dividend to Pay Dec. 15

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First Citizens BancShares will pay a dividend of $0.335938 per Series A depositary share on December 15, 2026. Shareholders of record as of November 30 are eligible to receive the payment for this preferred stock.

Why it matters

The dividend declaration provides income for holders of the company's 5.375% non-cumulative perpetual preferred stock. Because these shares are non-cumulative, the payment requires board approval each quarter to maintain regular cash flow to investors.

First Citizens BancShares set a quarterly dividend of $0.335938 per depositary share, which represents a 1/40 interest in one Series A preferred share. The payment is based on the 5.375% non-cumulative perpetual preferred stock rate.

The players

First Citizens BancShares

A financial holding company that provides banking services and manages preferred equity for investors.

The details

The board of First Citizens BancShares authorized this payment specifically for the Series A depositary shares, which trade on the Nasdaq under the ticker FCNCP. Each depositary share equates to $13.4375 per underlying preferred share based on its 1/40 interest. Because these instruments are non-cumulative, investors should note that the board must formally declare each payment individually rather than it being a guaranteed obligation.

November 30, 2026 is the record date for eligible shareholders.
December 15, 2026 is the scheduled payment date for the dividend.

Money Landscape

This dividend declaration follows the standard reporting protocol established by the Securities and Exchange Commission's dividend reporting requirements. It continues the bank's established practice of providing quarterly preferred share distributions to its investors.

If you hold Series A depositary shares, ensure your brokerage account remains active to receive the distribution by December 15. Consult with a financial professional to review how preferred stock income fits into your overall investment strategy and tax planning.

The takeaway

Preferred shares can offer a steady income stream, but the non-cumulative nature of this specific stock means consistent payments rely on ongoing board authorization. Keep a note of the December 15 payment date to verify the expected credit appears in your investment account statement.