Summit Financial Group, Inc. Announces Q3 Dividend of $0.17 Per Share

Rhea-AI Summary

Summit Financial Group (NASDAQ: SMMF) has declared a third quarter 2020 dividend of $0.17 per share, payable on September 30, 2020. Shareholders on record as of September 15, 2020 will receive this dividend. Summit is a $2.9 billion financial holding company based in Moorefield, West Virginia, providing community banking services across various regions in West Virginia and Virginia through its subsidiary, Summit Community Bank, Inc., which operates 41 banking locations.

Positive

• Declared a third quarter 2020 dividend of $0.17 per share.

Negative

• None.

News Market Reaction – SMMF

+0.73%

+0.73% Session move

In the trading session that priced this news, SMMF gained 0.73%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MOOREFIELD, W.Va., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a third quarter 2020 dividend of $0.17 per share payable on September 30, 2020 to common shareholders of record as of the close of business on September 15, 2020.

Summit Financial Group, Inc. is a $2.9 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 forty-one 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 for Q3 2020?

Summit Financial Group declared a dividend of $0.17 per share for Q3 2020.

When will the Q3 2020 dividend be paid to shareholders?

The Q3 2020 dividend will be paid on September 30, 2020.

What is the record date for the Q3 2020 dividend from Summit Financial Group?

The record date for the Q3 2020 dividend is September 15, 2020.

Is the dividend from Summit Financial Group sustainable?

The sustainability of the dividend depends on the company's financial performance; however, no concerns were noted in the recent press release.