Oakworth Capital Inc. Announces 10th Consecutive Annual Cash Dividend

Rhea-AI Summary

Oakworth Capital (OTCQX: OAKC) has announced its 10th consecutive annual cash dividend. The company's Board of Directors declared a dividend of $0.45 per common share, which will be paid on January 15, 2025, to shareholders of record as of December 13, 2024. This announcement was made following the board meeting held on November 20, 2024.

Positive

• 10th consecutive year of dividend payments demonstrates consistent shareholder returns
• $0.45 per share dividend distribution to shareholders

Negative

• None.

BIRMINGHAM, Ala., Nov. 21, 2024 /PRNewswire/ -- The Board of Directors of Oakworth Capital Inc. (OTCQX: OAKC) met Wednesday, Nov. 20, 2024, and declared an annual dividend of $0.45 per common share, payable Jan. 15, 2025, to shareholders of record as of Dec. 13, 2024.

About Oakworth Capital Inc. and Oakworth Capital Bank

Oakworth Capital, Inc. operates as the bank holding company for Oakworth Capital Bank (Oakworth) (OTCQX: OAKC). Oakworth was founded in 2008 and operates four offices in the Southeast, including its headquarters in Birmingham, Alabama. Oakworth provides commercial and private banking, wealth management and advisory services to clients across the United States.

Oakworth has been ranked among American Banker's "Best Bank to Work for" for the past eight years, holding the top spot for six of those and ranking #2 this year. Additionally, Oakworth's 2023 average Net Promoter Score (NPS) was 96 with a commensurate client retention rate of 97%. As of September 30, 2024, Oakworth had $1.7 billion in total assets, $1.4 billion in gross loans, $1.5 billion in deposits and $2.3 billion in wealth and trust assets under management. For more information, visit www.oakworth.com.

For more information contact:
Jenifer Kimbrough
Phone:  205-263-4704
Email: jenifer.kimbrough@oakworth.com

 

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SOURCE Oakworth Capital Inc.

FAQ

What is Oakworth Capital's (OAKC) dividend amount for 2025?

Oakworth Capital (OAKC) declared an annual dividend of $0.45 per common share for 2025.

When is Oakworth Capital's (OAKC) 2025 dividend payment date?

Oakworth Capital's dividend will be paid on January 15, 2025, to shareholders of record as of December 13, 2024.

How many consecutive years has Oakworth Capital (OAKC) paid annual dividends?

Oakworth Capital has paid annual dividends for 10 consecutive years.

What is the record date for Oakworth Capital's (OAKC) 2025 dividend?

The record date for Oakworth Capital's 2025 dividend is December 13, 2024.