BancorpSouth Bank Declares Quarterly Common & Preferred Dividends

Rhea-AI Summary

BancorpSouth Bank (NYSE: BXS) has declared a cash dividend of $0.19 per share for common stock, payable on July 1, 2021, to shareholders of record by June 15, 2021. Additionally, a cash dividend of $0.34375 per share for Series A Preferred Stock will be paid on May 20, 2021, for shareholders of record by May 5, 2021. The bank reported a net income of $79.2 million or $0.77 per diluted share for Q1 2021, with net operating income of $74.8 million, or $0.73 per diluted share, excluding MSR.

Positive

• Declared a common stock dividend of $0.19 per share, affirming commitment to shareholders.
• Reported a solid net income of $79.2 million for Q1 2021.

Negative

• None.

TUPELO, Miss., April 28, 2021 /PRNewswire/ -- At its regular quarterly meeting today, the Board of Directors of BancorpSouth Bank (NYSE: BXS) declared a quarterly cash dividend of $0.19 per share of common stock.  The common stock dividend is payable on July 1, 2021, to shareholders of record at the close of business on June 15, 2021. 

The Board of Directors also declared a quarterly cash dividend of $0.34375 per share of Series A Preferred Stock.  The preferred stock dividend is payable on May 20, 2021, to shareholders of record at the close of business on May 5, 2021.

BancorpSouth earlier reported financial results for the first quarter of 2021. Net income available to common shareholders was $79.2 million, or $0.77 per diluted share, and net operating income available to common shareholders – excluding MSR – was $74.8 million, or $0.73 per diluted share.

About BancorpSouth Bank
BancorpSouth Bank (NYSE: BXS) is headquartered in Tupelo, Mississippi, with approximately $26 billion in assets.  BancorpSouth operates approximately 300 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 and Instagram: @MyBXS; or connect with us through LinkedIn.

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SOURCE BancorpSouth Bank

FAQ

What is the dividend amount declared by BancorpSouth Bank for common stock?

BancorpSouth Bank declared a dividend of $0.19 per share for common stock.

When is the common stock dividend of BancorpSouth Bank payable?

The common stock dividend is payable on July 1, 2021.

What was the net income for BancorpSouth Bank in the first quarter of 2021?

BancorpSouth Bank reported a net income of $79.2 million for Q1 2021.

What dividend was declared for Series A Preferred Stock and when is it payable?

A dividend of $0.34375 per share for Series A Preferred Stock is payable on May 20, 2021.