Seacoast Banking Corporation of Florida Declares Quarterly Dividend on Common Stock

(Neutral)

Rhea-AI Summary

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) declared a quarterly cash dividend of $0.17 per share on October 18, 2022. This dividend is payable on December 30, 2022, to shareholders of record as of December 15, 2022. With approximately $10.8 billion in assets and $9.2 billion in deposits, Seacoast provides various financial services through its network of over 50 branches across Florida and advanced online banking solutions.

Positive

Quarterly cash dividend of $0.17 per share declared.
Strengthened shareholder confidence with dividend payment.
Robust asset base of $10.8 billion.

Negative

None.

News Market Reaction – SBCF

-1.42%

-1.42% Session move

In the trading session that priced this news, SBCF declined 1.42%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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10/18/2022 - 04:01 PM

STUART, Fla., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF), announced that on October 18, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $0.17 per share to the holders of the Company’s common stock. The dividend is payable on December 30, 2022 to shareholders of record at the close of business on December 15, 2022.

Seacoast Banking Corporation of Florida is one of the largest community banks headquartered in Florida with approximately $10.8 billion in assets and $9.2 billion in deposits as of June 30, 2022. The Company provides integrated financial services including commercial and consumer banking, wealth management, and mortgage services to customers at over 50 full-service branches across Florida, and through advanced mobile and online banking solutions. Seacoast National Bank is the wholly-owned subsidiary bank of Seacoast Banking Corporation of Florida. More information about the Company is available at www.SeacoastBanking.com.

Tracey L. Dexter
Chief Financial Officer
Seacoast Banking Corporation of Florida
(772) 403-0461

FAQ

What is the amount of the cash dividend declared by SBCF?

The cash dividend declared by Seacoast Banking Corporation of Florida (SBCF) is $0.17 per share.

When will the SBCF dividend be paid?

The SBCF dividend will be paid on December 30, 2022.

What is the record date for the SBCF dividend?

The record date for the SBCF dividend is December 15, 2022.

How often does SBCF pay dividends?

Seacoast Banking Corporation of Florida typically pays dividends quarterly.

Is the SBCF dividend sustainable?

The sustainability of the SBCF dividend depends on the company's financial health and profitability.