JACKSONVILLE, Fla.--(BUSINESS WIRE)--EverBank Financial Corp (NYSE: EVER) announced today that on April 27, 2017, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per common share payable on May 19, 2017, to the Company’s stockholders of record on the close of business on May 11, 2017. In the event that the proposed merger of Dolphin Sub Corporation, a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA), with and into the Company closes on or prior to the close of business on May 11, 2017, then the Company’s stockholders will not be entitled to and will not receive the dividend announced today. The merger remains subject to pending regulatory approval by the Board of Governors of the Federal Reserve System and the satisfaction of other customary closing conditions. As of the date hereof and based on information provided by TIAA, the Company does not expect the merger to close on or prior to the close of business on May 11, 2017.
About EverBank Financial Corp
EverBank Financial Corp, through its wholly-owned subsidiary EverBank, provides a diverse range of financial products and services directly to clients nationwide through multiple business channels. Headquartered in Jacksonville, Florida, EverBank has $27.8 billion in assets and $19.3 billion in deposits as of March 31, 2017. With an emphasis on value, innovation and service, EverBank offers a broad selection of banking, lending and investing products to consumers and businesses nationwide. EverBank provides services to clients through the internet, over the phone, through the mail, at its Florida-based financial centers and at other business offices throughout the country. More information on EverBank can be found at https://about.everbank/investors.