Silvergate Capital Suspends Dividends on Preferred Stocks

Time：2023-01-28 00:38 Source：Internet Copy share

Crypto bank Silvergate Capital has suspended dividends on its preferred stock, citing a need to preserve capital amid the volatile digital asset industry, according to reports by CoinDesk.As a result, Silvergate’s preferred stock fell more than 26% at $8.43 while its common shares fell 6% at $13.26.The bank's stock lost around 90% of its value in 2022 following the fall of several crypto firms that year.Author: Katie Lin

{{items}}

{{items.symbol}}

${{(items.close)}}

{{items.increase}}%