BancorpSouth Bank Declares Quarterly Common & Preferred Dividends

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) declared quarterly cash dividends of $0.19 per share for common stock and $0.34375 for Series A Preferred Stock during its quarterly meeting on October 28, 2020. The common dividend marks a 2.7% increase from the previous payment on October 1, 2020, with a payment date set for January 4, 2021. The preferred stock dividend will be paid on November 20, 2020. Additionally, the bank reported a net income of $71.5 million for Q3 2020.

Positive

• Dividend increase of 2.7% for common stock, enhancing shareholder returns.
• Strong net income of $71.5 million for Q3 2020, indicating solid financial performance.

Negative

• None.

TUPELO, Miss., Oct. 28, 2020 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared quarterly cash dividends of $0.19 per share of common stock and $0.34375 per share of Series A Preferred Stock.  The common stock dividend represents an increase of 2.7 percent compared to its most recent dividend paid on October 1, 2020.  The common stock dividend is payable on January 4, 2021, to shareholders of record at the close of business on December 15, 2020.  The preferred stock dividend is payable on November 20, 2020, to shareholders of record at the close of business on November 5, 2020.

BancorpSouth earlier reported financial results for the third quarter of 2020. Net income available to common shareholders was $71.5 million, or $0.69 per diluted share, and net operating income available to common shareholders – excluding MSR – was $71.2 million, or $0.69 per diluted share.

About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $24 billion in assets.  BancorpSouth operates approximately 310 full-service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, 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@MyBXS; or connect with us through LinkedIn.

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SOURCE BancorpSouth Bank

FAQ

What is the dividend amount declared by BancorpSouth Bank (BXS) for Q4 2020?

BancorpSouth Bank declared a cash dividend of $0.19 per share for common stock and $0.34375 per share for Series A Preferred Stock.

When is the dividend payment date for BancorpSouth Bank (BXS) common stock?

The common stock dividend is payable on January 4, 2021.

What was BancorpSouth Bank's (BXS) net income for the third quarter of 2020?

BancorpSouth Bank reported a net income of $71.5 million for Q3 2020.

What does the 2.7% dividend increase for BancorpSouth Bank (BXS) signify?

The 2.7% dividend increase reflects the company's commitment to providing shareholder returns and financial stability.