South Plains Financial, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, has announced a quarterly cash dividend of $0.14 per share of common stock. The dividend will be payable on August 12, 2024 to shareholders of record as of the close of business on July 29, 2024. This announcement demonstrates South Plains' commitment to providing regular returns to its shareholders and reflects the company's financial stability.

Positive

• Consistent dividend payment indicates financial stability
• Provides regular income for shareholders

Negative

• None.

LUBBOCK, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is payable on August 12, 2024 to shareholders of record as of the close of business on July 29, 2024.

About South Plains Financial, Inc.

South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station, Texas markets, and the Ruidoso, New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.

Contact:	Mikella Newsom, Chief Risk Officer and Secretary
	investors@city.bank
	(866) 771-3347

Source: South Plains Financial, Inc.

FAQ

What is the dividend amount for South Plains Financial (SPFI) in Q3 2024?

South Plains Financial (SPFI) has declared a quarterly cash dividend of $0.14 per share of common stock for Q3 2024.

When is the ex-dividend date for South Plains Financial's (SPFI) Q3 2024 dividend?

The press release does not specify the ex-dividend date. Typically, it's one business day before the record date, which in this case is July 29, 2024.

What is the dividend payment date for South Plains Financial (SPFI) in Q3 2024?

The dividend payment date for South Plains Financial (SPFI) in Q3 2024 is August 12, 2024.

Who is eligible to receive the Q3 2024 dividend from South Plains Financial (SPFI)?

Shareholders of record as of the close of business on July 29, 2024, are eligible to receive the Q3 2024 dividend from South Plains Financial (SPFI).