Summit Financial Group, Inc. Announces Q1 Common Dividend of $0.18 Per Share

Rhea-AI Summary

Summit Financial Group, Inc. (NASDAQ: SMMF) has declared a first quarter 2022 dividend of $0.18 per share, set to be paid on March 31, 2022. Shareholders of record as of the close of business on March 15, 2022 will qualify for this dividend. The company, valued at $3.58 billion, offers a range of financial services primarily through Summit Community Bank, focusing on commercial lending and digital banking.

Positive

• Declared a dividend of $0.18 per share, enhancing shareholder income.
• Company has a strong valuation of $3.58 billion.

Negative

• None.

MOOREFIELD, W.V., Feb. 25, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2022 dividend of $0.18 per share payable on March 31, 2022 to common shareholders of record as of the close of business on March 15, 2022.

Summit Financial Group, Inc. is the $3.58 billion financial holding company for Summit Community Bank, Inc. Its talented bankers serve commercial and individual clients throughout West Virginia, the Washington, D.C. metropolitan area, Virginia, and Kentucky. Summit’s focus on in-market commercial lending and providing other business banking services in dynamic markets is designed to leverage its highly efficient operations and core deposits in strong legacy locations. Residential and consumer lending, trust and wealth management, and other retail financial services are offered through convenient digital and mobile banking platforms, including MySummit.bank, and 45 full-service branch locations. More information on Summit Financial Group, Inc. (NASDAQ: SMMF), headquartered in West Virginia’s Eastern Panhandle in Moorefield, is available at SummitFGI.com.

Contact: Telephone: Email:		Teresa Ely, Director of Shareholder Relations (304) 530-0526 tely@summitfgi.com

FAQ

What is the dividend amount declared by Summit Financial Group for Q1 2022?

Summit Financial Group declared a dividend of $0.18 per share for Q1 2022.

When will the dividend be paid to shareholders of Summit Financial Group?

The dividend will be paid on March 31, 2022.

What is the record date for the dividend payment from Summit Financial Group?

The record date for the dividend payment is March 15, 2022.

How much is Summit Financial Group's estimated market valuation?

Summit Financial Group has a market valuation of approximately $3.58 billion.