Simmons First National Corporation Celebrates Major Dividend Milestone
Simmons First National Corporation's Exciting Dividend Announcement
Simmons First National Corporation (NASDAQ: SFNC) recently made an exciting announcement regarding its quarterly cash dividend, celebrating a remarkable milestone in its financial history. The company declared a cash dividend of $0.2125 per share on its Class A common stock. This declaration is particularly noteworthy as it marks the 116th consecutive year that the corporation has paid dividends to its shareholders.
Dividend History and Its Significance
With such a long-standing history of dividend payments, Simmons First National Corporation stands out in today's financial landscape. The declared dividend is not just a number; it reflects a commitment to fostering shareholder value. The increase of 1 percent from the previous year’s dividend further emphasizes the company’s growth-driven strategy and dedication to its investors.
A Look at the Dividend Growth
The company’s annualized cash dividend rate for 2025 is projected to be $0.85, showcasing a substantial ten-year compound annual growth rate of 6 percent. This impressive statistic signifies the reliability and steadiness that Simmons First provides its shareholders over a century of operations.
Recognition as a Dividend Contender
Simmons' dedication to maintaining and increasing dividends places it among an elite group of companies. According to recent research, Simmons is one of only 26 publicly traded firms in the U.S. that have consistently paid dividends for over 100 years. With this distinction, the company has earned a place in Dividend Power's list of Dividend Contenders, granted only to entities that have elevated their dividend payments for 10 to 24 consecutive years.
About Simmons First National Corporation
Founded in 1903, Simmons First National Corporation is a prominent financial holding company, recognized for its strong foundation and commitment to its shareholders. The company’s primary subsidiary, Simmons Bank, operates 222 branches across various states including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas. The reputation of Simmons Bank is reflected not only through its impressive dividend history but also by how it approaches customer service, striving to deliver comprehensive financial solutions with a client-centric methodology.
Award-Winning Services
In recent years, Simmons Bank showed remarkable performance and recognition. In 2024, it was honored by Newsweek as one of America’s Best Regional Banks and was also recognized as one of the Best Companies to Work For in the South in a report by U.S. News & World Report. Additionally, it garnered attention in listings by Forbes for being among America's Best-In-State Banks, evidence of the organization's dedication to both its employees and clients.
Commitment to Shareholders
The upcoming dividend payment on April 1, 2025, further illustrates Simmons’ unwavering commitment to rewarding its shareholders. The eligibility for this dividend requires shareholders to be on record as of March 14, 2025, allowing ample time for investors to engage with the company.
Looking Forward
While the history of Simmons First National Corporation is remarkable, its future perspectives appear equally promising. The proactive management team continuously seeks opportunities to optimize financial performance and deliver value to its investors and customers alike. By remaining focused on both growth and sustainability, Simmons ensures relevance in the changing financial industry.
Frequently Asked Questions
What is the current dividend announced by Simmons First National Corporation?
The company has declared a quarterly cash dividend of $0.2125 per share on its Class A common stock.
How long has Simmons First National Corporation paid dividends?
Simmons has paid cash dividends to its shareholders for 116 consecutive years.
Is Simmons First considered a Dividend Contender?
Yes, Simmons First National Corporation is recognized as a Dividend Contender, having increased its dividends for 14 consecutive years.
Where do Simmons Bank's branches operate?
Simmons Bank operates 222 branches across several states, including Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas.
What other recognitions has Simmons Bank received recently?
Simmons Bank was recognized by Newsweek and Forbes for its exemplary performance as a regional bank and a great workplace.
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