Simmons First National Corporation Declares $0.21 Per Share Dividend

Rhea-AI Summary

Simmons First National (NASDAQ: SFNC) has declared a quarterly cash dividend of $0.21 per share on its Class A common stock, payable on January 2, 2025, to shareholders of record as of December 13, 2024. This represents a 5% increase from last year's dividend. The annual cash dividend rate of $0.84 for 2024 reflects a ten-year compound annual growth rate of 6%. Simmons has maintained cash dividend payments for 115 consecutive years, making it one of only 26 U.S. publicly traded companies with 100+ years of uninterrupted dividend payments. The company has earned the 'Dividend Contender' designation for increasing dividends for 10-24 consecutive years.

Positive

• Quarterly dividend increased by 5% to $0.21 per share
• 10-year compound annual dividend growth rate of 6%
• 115 consecutive years of dividend payments
• One of only 26 U.S. companies with 100+ years of uninterrupted dividends
• Earned 'Dividend Contender' status for consistent dividend increases

Negative

• None.

2024 marks the 115^th consecutive year that Simmons has paid cash dividends

PINE BLUFF, Ark., Nov. 12, 2024 /PRNewswire/ -- Simmons First National Corporation (NASDAQ: SFNC) (Simmons) announced today that its board of directors has declared a quarterly cash dividend on Simmons' Class A common stock of $0.21 per share, which is payable on January 2, 2025, to shareholders of record as of December 13, 2024. The cash dividend rate represents an increase of $0.01 per share, or 5 percent, from the dividend paid for the same time period last year.

The annual cash dividend rate of $0.84 for 2024 represents a ten-year compound annual growth rate of 6 percent and marks the 115th consecutive year that Simmons has paid cash dividends. According to research by Dividend Power, Simmons is one of only 26 U.S. publicly traded companies that have paid dividends for 100+ uninterrupted years. Simmons also earned Dividend Power's designation as a "Dividend Contender," a title reserved exclusively for companies that have increased their dividend for 10 to 24 consecutive years. As of October 26, 2024, Dividend Power research noted that Simmons is one of only 367 companies out of nearly 6,000 companies listed on the New York Stock Exchange and NASDAQ to achieve this distinction.

Simmons First National Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South based financial holding company that has paid cash dividends to its shareholders for 115 consecutive years. Its principal subsidiary, Simmons Bank, operates 234 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a client-centric approach. In 2024, Simmons Bank was recognized by U.S. News & World Report as one of the 2024-2025 Best Companies to Work For in the South and by Forbes as one of America's Best-In-State Banks 2024 in Tennessee and America's Best-In-State Employers 2024 in Missouri. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on X (formerly Twitter) or by visiting our newsroom.

Forward-Looking Statements
This press release contains statements related to dividends that are not based on historical facts and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. By nature, such forward-looking statements are based on various assumptions and involve inherent risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. Among other risks, there can be no guarantee that the board of directors of Simmons will approve a quarterly dividend in future quarters, and the timing, payment, and amount of future dividends (if any) may differ significantly from past dividends. Additional information on other risk factors that could affect the forward-looking statements is contained in Simmons' Form 10-K for the year ended December 31, 2023, which has been filed with, and is available from, the U.S. Securities and Exchange Commission. Any forward-looking statement speaks only as of the date of this press release, and Simmons undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date of this press release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/simmons-first-national-corporation-declares-0-21-per-share-dividend-302301850.html

SOURCE Simmons First National Corporation

FAQ

What is Simmons First National 's (SFNC) latest quarterly dividend amount?

Simmons First National declared a quarterly cash dividend of $0.21 per share on its Class A common stock.

When will SFNC pay its latest declared dividend?

The dividend will be paid on January 2, 2025, to shareholders of record as of December 13, 2024.

How long has SFNC been paying dividends?

Simmons has paid cash dividends for 115 consecutive years, making it one of only 26 U.S. publicly traded companies with over 100 years of uninterrupted dividend payments.

What is SFNC's annual dividend rate for 2024?

The annual cash dividend rate for 2024 is $0.84 per share, representing a ten-year compound annual growth rate of 6%.