BancorpSouth Bank Announces Increase in Quarterly Common Dividend; Declares Preferred Dividend

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.20 per share, marking a 5.3% increase from the previous dividend. This dividend will be paid on October 1, 2021, to shareholders on record by September 15, 2021. Additionally, a dividend of $0.34375 per share on Series A Preferred Stock will be paid on August 20, 2021. The bank reported $73.2 million net income for Q2 2021, equating to $0.69 per diluted share.

Positive

• Dividend increased to $0.20 per share, providing a 5.3% return to shareholders.
• Strong Q2 net income of $73.2 million, reinforcing financial stability.

Negative

• None.

TUPELO, Miss., July 28, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.20 per share of common stock, which represents an increase of $0.01 per common share, or 5.3 percent, compared to its most recent dividend paid on July 1, 2021.  The common stock dividend is payable on October 1, 2021, to shareholders of record at the close of business on September 15, 2021. 

The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock.  The preferred stock dividend is payable on August 20, 2021, to shareholders of record at the close of business on August 5, 2021.

BancorpSouth earlier reported financial results for the second quarter of 2021. Net income available to common shareholders was $73.2 million, or $0.69 per diluted share, and net operating income available to common shareholders – excluding MSR – was $90.6 million, or $0.86 per diluted share.

About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $28 billion in assets.  BancorpSouth operates approximately 315 full-service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.  BancorpSouth is committed to a culture of respect, diversity, and inclusion in both its workplace and communities. To learn more, visit our Community Commitment page at www.bancorpsouth.com; "Like" us on Facebook; follow us on Twitter and Instagram:  @MyBXS; or connect with us through LinkedIn.

 

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SOURCE BancorpSouth Bank

FAQ

What is the dividend amount declared by BancorpSouth for common stock?

BancorpSouth declared a dividend of $0.20 per share for common stock.

When is the dividend for common stock payable?

The dividend for common stock is payable on October 1, 2021.

What was BancorpSouth's net income for the second quarter of 2021?

BancorpSouth reported a net income of $73.2 million for Q2 2021.

What is the dividend declared for Series A Preferred Stock by BancorpSouth?

The Series A Preferred Stock dividend is $0.34375 per share.

When will the preferred stock dividend be paid by BancorpSouth?

The preferred stock dividend will be paid on August 20, 2021.