Silvergate slides pre-market after suspending preferred dividend

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The company said it is trying to preserve capital as it attempts to maintain 'a highly liquid balance sheet with a strong capital position as it navigates recent volatility in the digital asset industry.'

 

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Silvergate Capital stock falls after company suspends dividend on preferred sharesSilvergate Capital Corp. stock fell 7.5% in premarket trades Friday after the company said it is suspending dividends on its 5.375% fixed rate non-cumulative...
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