South Plains Financial, Inc. Declares Regular Quarterly Cash Dividend

Rhea-AI Summary

South Plains Financial (NASDAQ: SPFI) has declared a quarterly cash dividend of $0.03 per share, payable on August 10, 2020, to shareholders of record as of July 27, 2020. This decision reflects the company's ongoing commitment to return value to its shareholders. Future dividends will be at the discretion of the Board of Directors. South Plains, the parent company of City Bank, is a prominent financial institution in Texas, providing various banking and financial services to both commercial and individual clients.

Positive

• Declared a quarterly cash dividend of $0.03 per share.
• Future dividends show confidence in shareholder value.

Negative

• None.

LUBBOCK, Texas, July 16, 2020 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.03 per share of common stock, payable on August 10, 2020, to shareholders of record as of the close of business on July 27, 2020.  The amount and timing of any future dividend payments to the Company’s shareholders will be subject to the discretion of the Company’s Board of Directors.

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 and Eastern New Mexico markets. 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.

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6%; width:6%; min-width:6%;">Contact:	1%; width:1%; min-width:1%;">	93%; width:93%; min-width:93%;">Mikella Newsom, Chief Risk Officer and Secretary
		investors@city.bank
		(866) 771-3347

Source: South Plains Financial, Inc.

 

FAQ

What is the dividend amount declared by South Plains Financial (SPFI)?

The dividend amount declared is $0.03 per share.

When will the dividend be paid to shareholders of SPFI?

The dividend will be paid on August 10, 2020.

What is the record date for the SPFI dividend?

The record date for the dividend is July 27, 2020.

How often does South Plains Financial pay dividends?

South Plains Financial typically pays dividends quarterly.

Can future dividends of SPFI change?

Yes, future dividends are subject to the discretion of the Board of Directors.