Security National Financial Corporation Announces Stock Dividend

Rhea-AI Summary

Security National Financial Corporation (NASDAQ: SNFCA) declared a 5% stock dividend for stockholders of record on July 1, 2022, to be issued on July 8, 2022. This marks the company’s 34th consecutive year of issuing a stock dividend, highlighting its commitment to shareholder returns. CEO Scott Quist noted that shareholders appreciate the dividend for its potential in long-term appreciation or cash flow options. This announcement emphasizes the company’s stable financial management and ongoing dedication to its investors.

Positive

• 5% stock dividend approved, benefiting shareholders.
• 34th consecutive year of stock dividends, demonstrating commitment to investor returns.

Negative

• None.

SALT LAKE CITY, June 21, 2022 (GLOBE NEWSWIRE) -- Security National Financial Corporation (NASDAQ: SNFCA) announced today that on June 17, 2022, its Board of Directors has authorized a 5% stock dividend for stockholders of record on July 1, 2022. The stock dividend will be issued on July 8, 2022.

Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: “This is the Company’s 34^th consecutive year in declaring a stock dividend. We find many of our stockholders are pleased with the stock dividend due to the options it affords for long-term appreciation or cash flow if they choose to sell the shares.”

This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in these statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

For Further Information Contact:
Jeffrey R. Stephens or Garrett S. Sill
Security National Financial Corporation
P.O. Box 57250
(Telephone) (801) 264-1060
(Fax) (801) 265-9882
Website: www.securitynational.com

FAQ

What is the date of the stock dividend for SNFCA?

The stock dividend for SNFCA is scheduled for issuance on July 8, 2022.

Who is eligible for the SNFCA stock dividend?

Shareholders of record on July 1, 2022, are eligible for the SNFCA stock dividend.

How long has SNFCA been issuing stock dividends?

SNFCA has issued stock dividends for 34 consecutive years.

What percentage is the stock dividend declared by SNFCA?

The stock dividend declared by SNFCA is 5%.