News Details

View all news

Silvergate Suspends Series A Preferred Stock Dividend

LA JOLLA, Calif.–(BUSINESS WIRE)– 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 position as it navigates recent volatility in the digital asset industry. The Company continues to maintain a cash position in excess of its digital asset customer related deposits.

The Company’s Board of Directors will re-evaluate the payment of quarterly dividends as market conditions evolve.

About Silvergate

Silvergate Capital Corporation (NYSE: SI) is the leading provider of innovative financial infrastructure solutions and services for the digital asset industry. The Company’s real-time payments platform, known as the Silvergate Exchange Network, is at the heart of its customer-centric suite of payments, lending and funding solutions serving digital asset companies and investors around the world. Silvergate is enabling digital asset markets and reshaping global commerce for a digital asset future.

Investor Relations:
Edelman Smithfield for Silvergate
(858) 200-3782
[email protected]

Edelman Smithfield for Silvergate
[email protected]

Source: Silvergate Capital Corporation

Opens in new window


Download original jpg 607 KB 8239 x 3372Opens in new window

Download thumbnail png 4 KB 200 x 82Opens in new window

Download lowres png 10 KB 480 x 196Opens in new window

Download square png 6 KB 250 x 250Opens in new window


The link you clicked is provided as a courtesy. We don't endorse or control the content of the site you're about to visit.


The link you clicked will take you to one of our partner websites. We don’t control the content of our partner sites. Please review their Privacy Policy as it may differ from our Privacy Policy. We hope you found the information you were looking for from Silvergate Bank.

Skip to content