Summit Financial Group, Inc. Announces Q2 Dividend of $0.17 Per Share

Rhea-AI Summary

Summit Financial Group (NASDAQ: SMMF) has declared a second quarter 2020 dividend of $0.17 per share, payable on June 30, 2020. Shareholders of record as of the close of business on June 15, 2020 will receive this dividend. Headquartered in Moorefield, West Virginia, Summit is a $2.5 billion financial holding company providing community banking services across various regions in West Virginia and Virginia.

Positive

• Declared a dividend of $0.17 per share, enhancing shareholder income.
• Demonstrates company confidence in financial stability by continuing dividend payments.

Negative

• None.

MOOREFIELD, W.Va., May 21, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a second quarter 2020 dividend of $0.17 per share payable on June 30, 2020 to common shareholders of record as of the close of business on June 15, 2020.

Summit Financial Group, Inc. is a $2.5 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 and the Northern, Shenandoah Valley and Southwestern regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates thirty-nine banking locations.

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

            
        
               

FAQ

What is the dividend amount declared by Summit Financial Group (SMMF)?

Summit Financial Group has declared a dividend of $0.17 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 30, 2020.

What is the record date for the dividend payout for SMMF?

The record date for the dividend payout is June 15, 2020.

How often does Summit Financial Group pay dividends?

Summit Financial Group pays dividends quarterly.

Is the dividend from Summit Financial sustainable?

The sustainability of the dividend can be assessed based on the company's ongoing financial performance.