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Taylor Capital Sets Preferred Dividends

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Commercial banking concern Taylor Capital Group (NASDAQ: TAYC  ) announced yesterday its second-quarter dividend on the preferred securities of TAYC Capital Trust I  (NASDAQ: TAYCP  ) . The quarterly dividend is set at an annualized rate of 9.75%, which works out to $0.6094 per share and will be payable on July 1 to holders of record on June 28. Taylor Capital has paid the same rate to investors every quarter since 2003.

TAYC Capital Trust I is an unconsolidated subsidiary of Taylor Capital, which no longer pays a quarterly dividend on its common stock, having ended the practice in 2008.


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Rich Duprey
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Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.

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TAYC $0.00 Down +0.00 +0.00%
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