National Bank Holdings Corporation Announces Quarterly Dividend

Rhea-AI Summary

National Bank Holdings Corporation (NBHC) declared a quarterly cash dividend of $0.27 per share of common stock, payable on March 15, 2024, to shareholders of record on February 23, 2024.

Financial Analyst

The declaration of a quarterly cash dividend by National Bank Holdings Corporation signifies a distribution of earnings to shareholders, reflecting the company's current financial health and its management's confidence in its ability to generate cash. It is essential to analyze the dividend yield, calculated by dividing the annual dividend per share by the stock's price per share. This metric is a critical indicator for income-focused investors, as it represents the return on investment from dividends alone.

Furthermore, the consistency and growth of dividends over time are often seen as a sign of a company's stability and maturity. Investors should consider the payout ratio, which is the percentage of earnings paid out as dividends. A high payout ratio could indicate less reinvestment back into the company, which might limit future growth. Conversely, a low payout ratio may suggest the company is reinvesting more into its growth initiatives.

Market Research Analyst

The impact of dividend announcements on stock market performance can be multifaceted. On one hand, it may lead to a positive market reaction as dividends are tangible returns to investors. On the other hand, market participants might interpret the announcement in the context of the broader economic environment and the financial sector's performance. For instance, during periods of low-interest rates, dividends become more attractive relative to fixed-income alternatives, potentially boosting the stock's attractiveness.

It's also worth noting the ex-dividend date, which is typically set two business days before the record date. Investors must own the stock before the ex-dividend date to be eligible for the dividend payment. This date can influence trading behavior, as some investors might buy the stock just before the ex-dividend date to capture the dividend payout, which can sometimes lead to a temporary increase in the stock price.

DENVER, Jan. 18, 2024 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors approved a cash dividend to shareholders. The quarterly cash dividend of twenty-seven cents ($0.27) per share of common stock will be payable on March 15, 2024 to shareholders of record at the close of business on February 23, 2024.

About National Bank Holdings Corporation

National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 90 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust and wealth management business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Texas, Utah, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com, or connect with any of our brands on LinkedIn.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” or similar expressions that relate to the Company’s strategy, plans or intentions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the “Risk Factors” referenced in our most recent Form 10-K filed with the Securities and Exchange Commission (SEC), and other risks and uncertainties listed from time to time in our reports and documents filed with the SEC. The Company can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this press release, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Contact:

Analysts/Institutional Investors:
Aldis Birkans, 720-554-6640
Chief Financial Officer
ir@nationalbankholdings.com

or

Media:
Jody Soper, 303-784-5925
Chief Marketing Officer
Jody.Soper@nbhbank.com

Source: National Bank Holdings Corporation

What dividend did National Bank Holdings Corporation (NBHC) declare?

National Bank Holdings Corporation (NBHC) declared a quarterly cash dividend of $0.27 per share of common stock.

When will the dividend be payable to shareholders?

The dividend will be payable on March 15, 2024.

Who are eligible to receive the dividend?

Shareholders of record at the close of business on February 23, 2024, are eligible to receive the dividend.