South Plains Financial, Inc. Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial, Inc. (NASDAQ:SPFI) announced a quarterly cash dividend of $0.09 per share on October 21, 2021. The dividend is set to be paid on November 16, 2021 to shareholders on record as of November 1, 2021. This decision reflects the company’s commitment to returning value to shareholders while maintaining financial stability. As an independent bank in West Texas, South Plains offers a range of financial services, aiming to support small and medium-sized businesses and individuals.

Positive

• Quarterly cash dividend of $0.09 per share reflects commitment to shareholder value.
• Dividend payment scheduled for November 16, 2021, indicating stable cash flow.

Negative

• None.

LUBBOCK, Texas, Oct. 21, 2021 (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 regular quarterly cash dividend of $0.09 per share of common stock. The dividend is payable on November 16, 2021 to shareholders of record as of the close of business on November 1, 2021.

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 insurance, 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?

The dividend amount declared is $0.09 per share.

When will the dividend for SPFI be paid?

The dividend will be paid on November 16, 2021.

What is the record date for the SPFI dividend?

The record date for the dividend is November 1, 2021.

How often does South Plains Financial pay dividends?

South Plains Financial pays dividends quarterly.

Is the dividend from SPFI sustainable?

While the recent dividend payment indicates stability, sustainability can depend on future financial performance.