Seacoast Banking Corporation of Florida Declares Increase to Quarterly Dividend on Common Stock

Rhea-AI Summary

On April 19, 2022, Seacoast Banking Corporation of Florida (NASDAQ: SBCF) announced a quarterly cash dividend increase from $0.13 to $0.17 per share. The dividend will be paid on June 30, 2022, to shareholders on record as of June 15, 2022. With approximately $9.7 billion in assets and $8.1 billion in deposits as of December 31, 2021, Seacoast is one of Florida's largest community banks. The company offers a range of financial services through over 50 branches and advanced banking solutions.

Positive

• Dividend increase from $0.13 to $0.17 per share, indicating company confidence.
• Quarterly dividend payment reflects strong cash flow and financial stability.

Negative

• None.

STUART, Fla., April 19, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), announced that on April 19, 2022, the Company’s Board of Directors declared a quarterly cash dividend to the holders of the Company’s common stock and approved a quarterly increase from $0.13 to $0.17 per share. The dividend is payable on June 30, 2022 to shareholders of record at the close of business on June 15, 2022.

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $9.7 billion in assets and $8.1 billion in deposits as of December 31, 2021. The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 50 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. More information about the Company is available at www.SeacoastBanking.com.

FAQ

What is the new dividend amount declared by SBCF?

Seacoast Banking Corporation of Florida declared a new dividend amount of $0.17 per share.

When will the SBCF dividend be paid?

The dividend will be paid on June 30, 2022.

What is the record date for the SBCF dividend?

The record date for the dividend is June 15, 2022.

How much is Seacoast Banking Corporation's total assets?

As of December 31, 2021, Seacoast Banking Corporation has approximately $9.7 billion in assets.