SI Jan 2024 210.000 call
| Previous close | 0.3000 |
| Open | 0.3000 |
| Bid | 0.0000 |
| Ask | 0.3500 |
| Strike | 210.00 |
| Expiry date | 2024-01-19 |
| Day's range | 0.3000 - 0.3000 |
| Contract range | N/A |
| Volume | |
| Open interest | 13 |
- Motley Fool
Why Silvergate Capital's Stock Dropped 11.4% on Friday
In a press release before the market opened, management said they were suspending dividend payments on 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A. This is a form of equity that pays a dividend, so there's an obligation to pay the dividend, but it's not as burdensome as debt. The move comes as investors are seeing customers flee Silvergate Capital, which could turn into a run on the bank. Unlike most banks, Silvergate has systemic risks from industry players that we may not know about.
- CoinDesk
Crypto Bank Silvergate Suspends Dividend on Preferred Stock
The bank is looking to preserve capital as it navigates recent volatility in the crypto industry.
- Business Wire
Silvergate Suspends Series A Preferred Stock Dividend
LA JOLLA, Calif., January 27, 2023--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
