Silvergate suspends dividends to preserve ‘highly liquid balance sheet’ By Cointelegraph
January 29, 2023
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California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”
In a Jan. 27 announcement, the firm stated that it is halting “the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital.”
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California-based crypto bank Silvergate has suspended dividend payouts to preserve its “highly liquid balance sheet.”
In a Jan. 27 announcement, the firm stated that it is halting “the payment of dividends on its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, in order to preserve capital.”
Continue Reading on Coin Telegraph