Commercial banking concern Taylor Capital Group (NASDAQ:TAYC) announced yesterday its third-quarter dividend of $0.50 per share on its Series A perpetual non-cumulative preferred stock, which trades on the Nasdaq exchange under the symbol TAYCO.

The quarterly dividend equates to a $2.00-per-share payout on an annualized basis, and is payable on Aug. 15 to the holders of record at the close of business on July 31.

Taylor Capital no longer pays a quarterly dividend on its common stock, having ended the practice in 2008.

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