SmartFinancial Approves Regular Quarterly Dividend

Rhea-AI Summary

SmartFinancial has declared a quarterly cash dividend of $0.05 per share, set to be paid on August 24, 2020, for shareholders on record as of August 7, 2020. This announcement reflects the company’s commitment to returning value to shareholders and its stable financial performance. SmartFinancial, based in Knoxville, operates as a bank holding company for SmartBank, which has expanded its reach across East and Middle Tennessee, Alabama, and the Florida Panhandle. The firm prioritizes client service and a disciplined lending approach.

Positive

• Quarterly cash dividend of $0.05 per share declared.
• Dividend payment reflects company's return to shareholder value.
• SmartFinancial shows stable financial performance amid operational growth.

Negative

• None.

KNOXVILLE, Tenn., July 24, 2020 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. (“SmartFinancial”) (Nasdaq: SMBK), the parent company for SmartBank, announced today that its board of directors has approved a regular quarterly dividend.

On July 23, 2020, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.05 per share of SmartFinancial common stock payable on August 24, 2020 to shareholders of record as of the close of business on August 7, 2020.

About SmartFinancial, Inc.

SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with 36 branches spanning East and Middle Tennessee, Alabama and the Florida Panhandle. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company’s success. More information about SmartFinancial can be found on its website: www.smartfinancialinc.com.

Investor Contacts

Billy Carroll
President and Chief Executive Officer
SmartFinancial, Inc.
Email: billy.carroll@smartbank.com
Phone: 865.868.0613

Ron Gorczynski
Executive Vice President
Chief Financial Officer
SmartFinancial, Inc.
Email: ron.gorczynski@smartbank.com
Phone: 865.437.5724

Media Contact

Kelley Fowler
Senior Vice President
Public Relations/Marketing
SmartFinancial, Inc.
Email: kelley.fowler@smartbank.com
Phone: 865.868.0611

FAQ

What is the dividend amount for SMBK?

The dividend amount is $0.05 per share.

When will the SMBK dividend be paid?

The dividend will be paid on August 24, 2020.

What is the record date for the SMBK dividend?

The record date for the dividend is August 7, 2020.

How often does SmartFinancial pay dividends?

SmartFinancial pays dividends quarterly.