Simmons First National Corporation Boosts Dividend Offering
Simmons First National Corporation Increases Dividend Payout
Simmons First National Corporation (NASDAQ: SFNC) has recently declared an impressive quarterly cash dividend of $0.2125 per share on its Class A common stock. This announcement highlights the dedication of Simmons in providing value to its shareholders. This dividend is scheduled to be paid on a specific date to those holding shares as of an earlier stated record date. The recent increase exemplifies a commitment to financial growth and returning value to investors.
A Rich History of Dividend Payments
The declared dividend continues Simmons’ proud tradition of rewarding shareholders, marking an astonishing 116 consecutive years of dividend payments. This remarkable achievement places Simmons among a select group in the U.S, as only 26 publicly traded companies have maintained dividend payments for over a century. The dedication to consistent dividend payouts underscores Simmons' stability and dedication to fostering long-term relationships with its investors.
Consistent Growth in Dividends
With an anticipated annualized cash dividend rate of $0.85 for the current year, Simmons showcases a commendable growth trajectory, reflecting a ten-year compound annual growth rate of 6 percent. This sustained growth exemplifies the company’s robust financial health and ability to generate consistent returns for its stakeholders.
Acknowledgments and Recognition
Simmons First National Corporation’s resilience and performance have not gone unnoticed. It recently earned prestigious titles, demonstrating its commitment to excellence in service and shareholder engagement. Furthermore, its ability to increase dividends consecutively over 14 years has earned it the designation of a “Dividend Contender,” representing a significant milestone for companies that consistently enhance their dividends.
Position within the Market
In a field of nearly 6,000 companies listed on major stock exchanges, only 343 were able to achieve the level of distinction noted by Dividend Power. Such recognition paints a glowing picture of Simmons’ standing within the competitive financial landscape and reflects the company’s dedication to maintaining investor confidence through consistent financial decision-making.
About Simmons First National Corporation
Founded in 1903, Simmons First National Corporation operates predominantly through its principal subsidiary, Simmons Bank. This Mid-South based financial holding company proudly operates 222 branches across multiple states, providing a breadth of financial services while fostering customer-centric experiences. Simmons Bank continually aims to enhance its offerings, demonstrating a commitment to innovation and excellence in financial solutions.
Community and Customer Engagement
Simmons Bank’s focus on community engagement and relationships empowers it to provide tailored financial solutions to its clients. Whether it’s through personal banking, business services, or investment opportunities, Simmons strives to cater to the diverse needs of its community while also adhering to rigorous standards of service and ethics. As part of its expansive commitment to quality, the bank has recently been recognized by notable publications for various achievements, further solidifying its reputation as a leading regional bank.
Frequently Asked Questions
What is the dividend amount declared by Simmons First National Corporation?
The declared cash dividend is $0.2125 per share on its Class A common stock.
How long has Simmons First National Corporation been paying dividends?
Simmons has a remarkable track record of 116 consecutive years of dividend payments to its shareholders.
What does “Dividend Contender” mean?
“Dividend Contender” is a designation for companies that have increased their dividend payouts for 10 to 24 consecutive years.
How does Simmons First National Corporation's dividend growth compare to others?
With a ten-year compound annual growth rate of 6 percent, Simmons showcases significant growth in its dividend payouts compared to many others in the sector.
Where can I find more information about Simmons Bank?
More details about Simmons Bank can be found on their website or by following their social media channels for the latest updates and news.
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