Simmons First National Corporation Declares $0.19 Per Share Dividend

Rhea-AI Summary

Simmons First National Corporation (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.19 per share, an increase of $0.01 or 6% from last year. This dividend is payable on January 3, 2023, to shareholders of record as of December 15, 2022. The annual cash dividend rate of $0.76 for 2022 marks a 7% compound annual growth rate over the past decade. Simmons has now paid cash dividends for 113 consecutive years, making it one of only 23 U.S. public companies with over 100 years of uninterrupted dividend payments.

Positive

• Quarterly cash dividend increased by $0.01 per share, or 6%.
• Annual cash dividend rate is $0.76, reflecting a 7% compound annual growth rate over 10 years.
• Company has paid cash dividends for 113 consecutive years.

Negative

• No guarantee of future dividends; board approval is required each quarter.
• Potential risks indicated regarding future dividend payments.

PINE BLUFF, Ark., Oct. 20, 2022 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (Simmons) announced today that its board of directors has declared a quarterly cash dividend on Simmons' Class A common stock of $0.19 per share, which is payable on January 3, 2023, to shareholders of record as of December 15, 2022. The cash dividend rate represents an increase of $0.01 per share, or 6 percent, from the dividend paid for the same time period last year.

2022 represents the 113th consecutive year that Simmons has paid cash dividends

The annual cash dividend rate of $0.76 for 2022 represents a ten-year compound annual growth rate of 7 percent, and 2022 represents the 113th consecutive year that Simmons has paid cash dividends. According to research performed by Dividend Power, Simmons is one of only 23 U.S. publicly traded companies that have paid dividends for 100+ uninterrupted years.

Simmons First National Corporation

Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 113 consecutive years. Its principal subsidiary, Simmons Bank, operates 230 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. In 2022, Simmons Bank was named to Forbes list of "America's Best Banks" for the second consecutive year and was named to Forbes list of "World's Best Banks" for the third consecutive year. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on Twitter or by visiting our newsroom.

Forward-Looking Statements

This press release contains statements related to dividends that are not based on historical facts and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By nature, such forward-looking statements are based on various assumptions and involve inherent risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Among other risks, there can be no guarantee that the board of directors of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) may differ significantly from past dividends. Additional information on other risk factors that could affect the forward-looking statements is contained in Simmons' Form 10-K for the year ended December 31, 2021, which has been filed with, and is available from, the U.S. Securities and Exchange Commission.  Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release.

 

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SOURCE Simmons First National Corporation

FAQ

What is the dividend amount declared by Simmons First National Corporation (SFNC)?

Simmons First National Corporation declared a quarterly cash dividend of $0.19 per share.

When will the dividend be paid to shareholders of SFNC?

The dividend will be paid on January 3, 2023.

What is the record date for the SFNC dividend?

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

How does the current dividend compare to last year’s for SFNC?

The current dividend represents an increase of $0.01 per share, or 6%, compared to last year.

How long has SFNC consistently paid dividends?

Simmons has paid cash dividends for 113 consecutive years.