Security National Financial Corporation Declares Stock Dividend
Security National Financial Corporation Declares Stock Dividend
Security National Financial Corporation (NASDAQ: SNFCA) has made an exciting announcement for its shareholders. On June 27, the Board of Directors authorized a remarkable 5% stock dividend. This decision underlines the company's commitment to maximizing shareholder value and maintaining robust financial health.
Details About the Stock Dividend
The stock dividend will be available to stockholders of record on July 11, and the distribution is set for July 18. This marks a significant milestone as it represents the company’s 37th consecutive year of declaring a stock dividend. Such consistency in providing dividends speaks volumes about the financial stability and ongoing success of Security National Financial Corporation.
Comments from Leadership
Scott Quist, the President and Chief Executive Officer, expressed enthusiasm regarding the stock dividend. He noted that many shareholders appreciate this option, which allows them the flexibility for long-term appreciation or the choice to benefit from cash flow through selling their shares. This sentiment not only reflects the company’s dedication to supporting its investors but also showcases the strong relationship between the firm and its stockholders.
Understanding the Implications of the Dividend
For shareholders, receiving a stock dividend can be a beneficial opportunity. It allows them to maintain their investment while potentially increasing the number of shares they own without a cash outlay. This can be particularly attractive in a market environment where cash might be tight or where investors are seeking to maximize their holdings without additional investment.
Market Response and Opportunities
The financial markets tend to respond positively to dividend announcements, particularly those that highlight a history of adherence to a consistent dividend policy. Investors often view companies that maintain such traditions as more stable and reliable. For Security National Financial Corporation, this stock dividend promises not only to reward current shareholders but also to attract new investors who value such fiscal discipline.
Contact Information for Inquiries
For further inquiries regarding this exciting announcement, interested parties can reach out to Jeffrey R. Stephens or Garrett S. Sill directly at Security National Financial Corporation. Their office is located at P.O. Box 57250, and they can be contacted by phone at (801) 264-1060. For those who prefer to send a fax, the number is (801) 264-8430. Additional information is available on their website at www.securitynational.com.
Frequently Asked Questions
What is the percentage of the stock dividend announced by Security National Financial Corporation?
The Board of Directors authorized a 5% stock dividend for shareholders.
When will the stock dividend be issued?
The stock dividend will be issued on July 18 for those who are stockholders of record on July 11.
How many consecutive years has Security National Financial Corporation declared a stock dividend?
This is the 37th consecutive year that the company has declared a stock dividend.
Who should I contact for further information about the stock dividend?
For more information, you can contact Jeffrey R. Stephens or Garrett S. Sill at the company’s office.
Where can I find more details about Security National Financial Corporation?
Additional information can be found on their official website at www.securitynational.com.
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