Simmons First National Corporation Declares $0.19 Per Share Dividend

Rhea-AI Summary

Simmons First National Corporation has declared a quarterly cash dividend of $0.19 per share, payable on April 4, 2022, to shareholders on record as of March 15, 2022. This marks a 6% increase from the previous year’s dividend. With a current annualized cash dividend rate of $0.76 per share, Simmons boasts a 113-year history of returning capital to shareholders. The company has achieved a 7% compound annual growth rate in dividends over the last decade, positioning it alongside established brands like Coca Cola and Procter & Gamble.

Positive

• Quarterly cash dividend increased by $0.01 per share (6%).
• 113 consecutive years of cash dividends paid to shareholders.
• Annualized cash dividend rate of $0.76 per share.

Negative

• Forward-looking statements indicate uncertainty in future dividends.

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

PINE BLUFF, Ark., Jan. 27, 2022 (GLOBE NEWSWIRE) -- Simmons First National Corporation (NASDAQ: SFNC) (“Simmons” or “Company”) announced today that its board of directors has declared a quarterly cash dividend on the Company’s Class A common stock of $0.19 per share, which is payable on April 4, 2022, to shareholders of record as of March 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, an achievement that places the Company on an exclusive list of companies – including, amongst others, Coca Cola, General Mills and Procter & Gamble – that have paid dividends for more than 100 years.

Simmons First National Corporation

Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company whose principal subsidiary, Simmons Bank, operates 199 financial centers in Arkansas, Missouri, Tennessee, Texas, Oklahoma and Kansas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. Simmons Bank was named to Forbes’ list of “World’s Best Banks” for the second consecutive year and ranked among the top 30 banks in Forbes’ list of “America’s Best Banks” for 2021. Additional information about Simmons and 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 the Company’s Form 10-K for the year ended December 31, 2020, 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 the Company 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 total amount of the dividend declared by Simmons First National Corporation?

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

When will the dividend be paid to shareholders?

The dividend is payable on April 4, 2022, to shareholders of record as of March 15, 2022.

What is the historical significance of Simmons First National Corporation's dividends?

Simmons First National Corporation has paid cash dividends for 113 consecutive years, placing it among an exclusive group of companies.

What is the recent growth rate of Simmons First National Corporation's dividends?

The ten-year compound annual growth rate in the dividend is 7%.

Is there any risk related to future dividends from Simmons First National Corporation?

Yes, the company’s forward-looking statements indicate that there is no guarantee of future dividends.