South Plains Financial Announces Exciting Cash Dividend Update
South Plains Financial Declares Quarterly Cash Dividend
South Plains Financial, Inc. (NASDAQ:SPFI) has made an announcement that captures the attention of shareholders and investors alike. The company has revealed that its Board of Directors has declared a quarterly cash dividend of $0.15 for each share of common stock. This dividend is set to be paid on a date that is sure to please its shareholders, which is just around the corner.
Details of the Dividend Declaration
The upcoming dividend will be distributed on May 12 to all shareholders of record as of the close of business on April 28. This decision illustrates South Plains Financial's ongoing commitment to providing value to its shareholders, ensuring a stable return on investment.
About South Plains Financial, Inc.
South Plains Financial is known as the bank holding company for City Bank, a Texas state-chartered bank that operates from its headquarters in Lubbock, Texas. City Bank has established itself as one of the largest independent banks in West Texas. The institution also extends its banking services to various regions, including areas like Dallas, El Paso, Greater Houston, the Permian Basin, and College Station in Texas, as well as Ruidoso in New Mexico.
Comprehensive Financial Services
The company prides itself on offering a diverse array of commercial and consumer financial services, targeting small to medium-sized businesses and individuals. Their service offerings include commercial banking, retail banking, investment services, trust services, and mortgage solutions, ensuring that they can meet the varied financial needs of their clientele.
Shareholder Value and Community Commitment
By declaring this quarterly cash dividend, South Plains Financial not only underscores its commitment to shareholder value but also exemplifies its dedication to the communities it serves. The company’s initiatives are designed to foster growth and provide reliable financial resources that empower individuals and businesses alike.
Contact Information
For those seeking more details or who have specific inquiries, Mikella Newsom, the Chief Risk Officer and Secretary, is readily available to assist. Interested individuals can reach out via email at investors@city.bank or can call the company at (866) 771-3347.
Frequently Asked Questions
What is the declared dividend amount by South Plains Financial?
South Plains Financial has declared a quarterly cash dividend of $0.15 per share.
When will the dividend be paid?
The dividend will be paid on May 12 to shareholders of record as of April 28.
Who is the Chief Risk Officer of South Plains Financial?
Mikella Newsom serves as the Chief Risk Officer and Secretary of South Plains Financial.
What services does City Bank offer?
City Bank provides a broad range of commercial and consumer banking services, including investment, mortgage, and trust services.
Where is South Plains Financial headquartered?
South Plains Financial is headquartered in Lubbock, Texas, and operates multiple branches across West Texas and New Mexico.
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