2024 marks the
115th consecutive year that Simmons has paid cash
dividends
PINE BLUFF,
Ark., Nov. 12, 2024 /PRNewswire/ -- Simmons
First National Corporation (NASDAQ: SFNC) (Simmons) announced today
that its board of directors has declared a quarterly cash dividend
on Simmons' Class A common stock of $0.21 per share, which is payable on January 2, 2025, to shareholders of record as of
December 13, 2024. The cash dividend
rate represents an increase of $0.01
per share, or 5 percent, from the dividend paid for the same time
period last year.
The annual cash dividend rate of $0.84 for 2024 represents a ten-year compound
annual growth rate of 6 percent and marks the 115th consecutive
year that Simmons has paid cash dividends. According to research by
Dividend Power, Simmons is one of only 26 U.S. publicly traded
companies that have paid dividends for 100+ uninterrupted years.
Simmons also earned Dividend Power's designation as a "Dividend
Contender," a title reserved exclusively for companies that have
increased their dividend for 10 to 24 consecutive years. As of
October 26, 2024, Dividend Power
research noted that Simmons is one of only 367 companies out of
nearly 6,000 companies listed on the New York Stock Exchange and
NASDAQ to achieve this distinction.
Simmons First National
Corporation
Simmons First National Corporation (NASDAQ:
SFNC) is a Mid-South based financial holding company that has paid
cash dividends to its shareholders for 115 consecutive years. Its
principal subsidiary, Simmons Bank,
operates 234 branches in Arkansas,
Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial
solutions delivered with a client-centric approach. In 2024,
Simmons Bank was recognized by
U.S. News & World Report as one of the 2024-2025 Best
Companies to Work For in the South and by Forbes as one
of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State
Employers 2024 in Missouri.
Additional information about Simmons
Bank can be found on our website at simmonsbank.com, by
following @Simmons_Bank on X (formerly Twitter) or by visiting our
newsroom.
Forward-Looking Statements
This press
release contains statements related to dividends that are not based
on historical facts and constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. By nature, such forward-looking statements are based on
various assumptions and involve inherent risks and uncertainties
that could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements. Among
other risks, there can be no guarantee that the board of directors
of Simmons will approve a quarterly dividend in future quarters,
and the timing, payment, and amount of future dividends (if any)
may differ significantly from past dividends. Additional
information on other risk factors that could affect the
forward-looking statements is contained in Simmons' Form 10-K for
the year ended December 31,
2023, which has been filed with, and is available from, the
U.S. Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date of this press release, and
Simmons undertakes no obligation to update these forward-looking
statements to reflect events or circumstances that occur after the
date of this press release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/simmons-first-national-corporation-declares-0-21-per-share-dividend-302301850.html
SOURCE Simmons First National Corporation
