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Summit Financial Group, Inc. Announces Q1 Dividend of $0.17 Per Share

Summit Financial Group, Inc. (NASDAQ: SMMF) declared a Q1 2021 dividend of $0.17 per share, payable on March 31, 2021, to shareholders on record as of March 15, 2021.

(Neutral)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

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Rhea-AI Summary

Summit Financial Group, Inc. (NASDAQ: SMMF) declared a Q1 2021 dividend of $0.17 per share, payable on March 31, 2021, to shareholders on record as of March 15, 2021. Headquartered in Moorefield, West Virginia, Summit is a $3.11 billion financial holding company providing community banking services across regions in West Virginia, Virginia, and Kentucky through its subsidiary, Summit Community Bank, offering 43 banking locations.

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Positive

  • Declaration of a dividend of $0.17 per share, demonstrating consistent shareholder returns.
  • The company has a strong market presence with a total asset value of $3.11 billion.

Negative

  • None.
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+5.06% session move Open Argus
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News Market Reaction – SMMF

The recorded move for SMMF in the trading session of this news was +5.06%.

Data tracked by StockTitan Argus. Session date unavailable.

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

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MOOREFIELD, W.Va., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2021 dividend of $0.17 per share payable on March 31, 2021 to common shareholders of record as of the close of business on March 15, 2021.

Summit Financial Group, Inc. is a $3.11 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia, the Northern, Shenandoah Valley and Southwestern regions of Virginia and the Central region of Kentucky, through its bank subsidiary, Summit Community Bank, Inc., which operates forty-three banking locations.

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


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Summit Financial Group for Q1 2021?

The dividend amount declared is $0.17 per share.

When will the dividend be paid by Summit Financial Group?

The dividend will be paid on March 31, 2021.

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

The record date is March 15, 2021.

What regions does Summit Financial Group serve?

Summit Financial Group provides services primarily in West Virginia, Virginia, and Kentucky.

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