BancorpSouth Bank Declares Quarterly Common & Preferred Dividends

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.19 per share of common stock, payable on April 1, 2021, to shareholders of record by March 15, 2021. Additionally, a dividend of $0.34375 per share of Series A Preferred Stock will be paid on February 22, 2021, to those on record by February 5, 2021. For Q4 2020, net income to common shareholders was $66.4 million or $0.65 per diluted share, with net operating income at $70.8 million or $0.69 per diluted share.

Positive

• Quarterly cash dividend of $0.19 per share boosts shareholder income.
• Strong Q4 2020 net income of $66.4 million reflects solid performance.

Negative

• None.

TUPELO, Miss., Jan. 27, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.19 per share of common stock.  The common stock dividend is payable on April 1, 2021, to shareholders of record at the close of business on March 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 February 22, 2021, to shareholders of record at the close of business on February 5, 2021.

BancorpSouth earlier reported financial results for the fourth quarter of 2020. Net income available to common shareholders was $66.4 million, or $0.65 per diluted share, and net operating income available to common shareholders – excluding MSR – was $70.8 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 305 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 for Q1 2021?

BancorpSouth Bank declared a quarterly cash dividend of $0.19 per share for common stock.

When will the common stock dividend be paid?

The common stock dividend will be payable on April 1, 2021.

What are the record dates for the dividends declared by BancorpSouth Bank?

The record date for the common stock dividend is March 15, 2021, and for the preferred stock dividend, it's February 5, 2021.

What was BancorpSouth Bank's net income for the fourth quarter of 2020?

The net income available to common shareholders for Q4 2020 was $66.4 million.