BancorpSouth Bank Declares Quarterly Common & Preferred Dividends

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) declared quarterly cash dividends of $0.185 per share for common stock and $0.34375 per share for Series A Preferred Stock. The common stock dividend is set for October 1, 2020, with a record date of September 15, 2020, while the preferred stock dividend will be paid on August 20, 2020, to shareholders recorded by August 5, 2020. The bank reported a net income of $58.8 million for Q2 2020, translating to $0.57 per diluted share.

Positive

• Quarterly dividend of $0.185 shows a commitment to shareholder returns.
• Net income of $58.8 million for Q2 2020 indicates strong profitability.

Negative

• None.

News Market Reaction – BXS

+2.52%

+2.52% Session move

In the trading session that priced this news, BXS gained 2.52%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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TUPELO, Miss., July 22, 2020 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared quarterly cash dividends of $0.185 per share of common stock and $0.34375 per share of Series A Preferred Stock.  The common stock dividend is payable on October 1, 2020, to shareholders of record at the close of business on September 15, 2020.  The preferred stock dividend is payable on August 20, 2020, to shareholders of record at the close of business on August 5, 2020.

BancorpSouth earlier reported financial results for the second quarter of 2020. Net income available to common shareholders was $58.8 million, or $0.57 per diluted share, and net operating income available to common shareholders – excluding MSR – was $60.9 million, or $0.59 per diluted share.

About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $23 billion in assets.  BancorpSouth operates approximately 310 full-service branch locations as well as additional mortgage, insurance, and loan production offices in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee and Texas, including an insurance location in Illinois.  BancorpSouth is committed to a culture of respect, diversity, and inclusion in both its workplace and communities. To learn more, visit our Community Commitment page at www.bancorpsouth.com; "Like" us on Facebook; follow us on Twitter@MyBXS; or connect with us through LinkedIn.

View original content:http://www.prnewswire.com/news-releases/bancorpsouth-bank-declares-quarterly-common--preferred-dividends-301098194.html

SOURCE BancorpSouth Bank

FAQ

What is the dividend amount for BancorpSouth Bank (BXS)?

BancorpSouth Bank declared a quarterly cash dividend of $0.185 per share for common stock.

When is the dividend for BancorpSouth Bank (BXS) payable?

The common stock dividend is payable on October 1, 2020.

What was the net income for BancorpSouth Bank in Q2 2020?

Net income for Q2 2020 was $58.8 million, or $0.57 per diluted share.

What is the record date for the common stock dividend of BancorpSouth Bank (BXS)?

The record date for the common stock dividend is September 15, 2020.

What was the preferred stock dividend amount for BancorpSouth Bank (BXS)?

The preferred stock dividend is $0.34375 per share.