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, representing a 6% increase from last year. This dividend is payable on July 5, 2022, to shareholders on record as of June 15, 2022. With this, the company showcases a robust track record of 113 consecutive years of returning capital to shareholders through dividends. The annualized cash dividend rate is $0.76 per share, reflecting a 7% compound annual growth rate over the past ten years.

Positive

• Quarterly cash dividend increased by $0.01, or 6%, compared to last year.
• Simmons has paid dividends for 113 consecutive years.
• Annualized cash dividend rate of $0.76 per share demonstrates strong shareholder returns.

Negative

• None.

113 consecutive years of returning capital to its shareholders through cash dividends

PINE BLUFF, Ark., April 27, 2022 (GLOBE NEWSWIRE) -- 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 July 5, 2022, to shareholders of record as of June 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.

The current quarterly cash dividend rate further represents an annualized cash dividend rate of $0.76 per share and a ten-year compound annual growth rate in the dividend of 7 percent. Simmons has a track record of paying cash dividends for 113 consecutive years. According to research performed by Dividend Power, Simmons is one of only 23 U.S. companies that have paid dividends for 100+ uninterrupted years. Simmons was one of only two banks to be named to the list and tied for second among Nasdaq listed companies for the longest active streak.

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 more than 200 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Simmons Bank was named to Forbes list of “America’s Best Banks” in 2022 and was recently 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.

FOR MORE INFORMATION CONTACT:

Ed Bilek
EVP, Director of Investor Relations
Simmons First National Corporation
ed.bilek@simmonsbank.com
205-612-3378 (mobile)

FAQ

What is the dividend amount declared by SFNC?

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

When is the dividend payable for SFNC?

The dividend is payable on July 5, 2022.

When is the record date for the SFNC dividend?

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

How long has SFNC been paying dividends?

Simmons First National Corporation has a track record of paying dividends for 113 consecutive years.

What is the annualized cash dividend rate for SFNC?

The annualized cash dividend rate for Simmons is $0.76 per share.