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Bank of N.T. Butterfield & Son Limited-8% Preference Share and Common Share Dividend
Hamilton, Bermuda: July 26, 2016: In a filing with the Bermuda Stock Exchange, the Bank of N.T. Butterfield & Son Limited (the “Bank”; Ticker: NTB.BH) announces 8% Preference Share and Common Share Dividend. The full filing stated:
Pursuant to Regulations 6.15 (1) and 6.20 of the BSX Listing Regulations Section IIA, we hereby notify the BSX that effective 25 July 2016, the Board of Directors of Butterfield approved the following:
11. The declaration and payment of an interim dividend of $0.01 cent per share on the Common Shares payable on 29 August 2016 to the Common shareholders of record as of the close of business on 15 August 2016.
2. 2. The declaration and payment of a quarterly dividend of $20 per share on the 8% Non-Cumulative Perpetual Voting Preference Shares payable on 15 September 2016 to the preference shareholders of record as of the close of business on 1 September 2016.