Simmons First National Corporation Increases Dividend to $0.21

Simmons First National Corporation Increases Dividend Amount

Simmons First National Corporation has made a significant announcement regarding its commitment to shareholders. The company declared a quarterly cash dividend of $0.21 per share on its Class A common stock. This marks a considerable achievement in corporate governance and financial stability.

Continuous Dividend Payments Over 115 Years

Since its establishment, Simmons First National Corporation has upheld its promise to shareholders by consistently paying dividends. This year, they proudly celebrate their 115th consecutive year of cash dividend payments. This track record reinforces their dedication to providing value to investors.

Dividend Payment Details

The upcoming dividend payment is scheduled for January 2, 2025, and is directed to shareholders of record as of December 13, 2024. This $0.21 per share dividend reflects an increase of $0.01 from the previous year, demonstrating the company's growth amidst ever-changing economic conditions.

Strong Financial Performance and Historical Significance

The annual cash dividend rate now stands at $0.84 for 2024, representing a remarkable ten-year compound annual growth rate of 6%. The longevity and consistency of dividend payments put Simmons in a prestigious category of companies. Research indicates that Simmons is one of only 26 publicly traded U.S. companies that have managed to maintain uninterrupted dividends for over a century.

Recognitions and Accolades

Simmons First National Corporation has received significant accolades highlighting its corporate reliability. The company earned the designation of a "Dividend Contender" — a title reflecting its success in increasing dividends for over a decade. This recognition stems from research that identifies Simmons among the few companies listed on the New York Stock Exchange and NASDAQ that have consistently met this standard.

About Simmons First National Corporation

Simmons First National Corporation (NASDAQ: SFNC) operates as a prominent financial holding company in the Mid-South. Their principal subsidiary, Simmons Bank, has an impressive presence with 234 branches spanning various neighboring states, providing various banking services with a client-centric philosophy.

Commitment to Exceptional Service

Founded in 1903, Simmons Bank is not just a financial institution; it has established itself as a reliable partner for its customers. Its commitment to delivering comprehensive financial solutions allows it to stand tall in the industry. In recognition of its workplace environment, Simmons Bank has been acknowledged by reputable sources like U.S. News & World Report and Forbes as one of the best employers and banks in recent reports.

Future Perspective

Simmons First National Corporation's ongoing success can be attributed to its strategic approach and dedication to shareholder value. However, it is common for companies to face various risks and uncertainties that could influence future dividend declarations. While past performance provides a solid foundation, future dividends ultimately depend on the company’s board of directors and their assessment of the prevailing economic conditions.

Frequently Asked Questions

What is the declared dividend amount per share by Simmons First National Corporation?

The company has declared a quarterly cash dividend of $0.21 per share on its Class A common stock.

How long has Simmons First National Corporation been paying dividends?

Simmons has been paying cash dividends for an impressive 115 consecutive years.

When will the dividend be paid, and who is eligible?

The dividend will be paid on January 2, 2025, to shareholders of record as of December 13, 2024.

What is the annual cash dividend rate for 2024?

The annual cash dividend rate for 2024 has been set at $0.84.

What recognitions has Simmons First National Corporation received?

Simmons has been recognized as a "Dividend Contender" and continues to be acknowledged for its outstanding service as a leading bank in various states.

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