Summit Financial Group, Inc. Announces Q4 Common Dividend of $0.18 per Share

Rhea-AI Summary

Summit Financial Group, Inc. (NASDAQ: SMMF) has declared a fourth quarter 2021 dividend of $0.18 per share. The dividend is payable on December 31, 2021 to common shareholders on record as of December 15, 2021. With assets totaling $3.51 billion, Summit focuses on commercial lending and providing a range of financial services through digital platforms and 45 branch locations across multiple states, including West Virginia and Virginia. The company emphasizes efficient operations and strong legacy deposits.

Positive

• Declared a fourth quarter 2021 dividend of $0.18 per share, indicating financial confidence.
• Total assets of $3.51 billion highlight strong financial standing and stability.

Negative

• None.

News Market Reaction – SMMF

-1.21%

-1.21% Session move

In the trading session that priced this news, SMMF declined 1.21%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MOOREFIELD, W.V. , Nov. 18, 2021 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2021 dividend of $0.18 per share payable on December 31, 2021 to common shareholders of record as of the close of business on December 15, 2021.

Summit Financial Group, Inc. is the $3.51 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:	Teresa Ely, Director of Shareholder Relations
Telephone:	(304) 530-0526
Email:	tely@summitfgi.com

 

FAQ

When will the SMMF dividend be paid?

The SMMF dividend will be paid on December 31, 2021.

What is the SMMF dividend amount?

The SMMF dividend amount is $0.18 per share.

What is the ex-dividend date for SMMF?

The ex-dividend date for SMMF is December 15, 2021.

What are the key services provided by Summit Financial Group?

Summit Financial Group offers commercial lending, residential loans, trust and wealth management, and various retail financial services.