Another 18 lenders that took federal aid missed dividend payments in August on preferred shares they issued to the government as part of the Troubled Asset Relief Program, according to SNL Financial.

Fifteen companies missed the first payment deadline, on May 15, and 18 skipped the Aug. 17 deadline for the 5% quarterly payouts they are required to dole out to the Treasury Department, SNL said in a report issued late Tuesday. The next deadline is Nov. 15.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.