Summit Financial Group, Inc. Announces Q4 Common Dividend of $0.20 Per Share

Rhea-AI Summary

Summit Financial Group, Inc. (NASDAQ: SMMF) declared a fourth quarter 2022 dividend of $0.20 per share, payable on December 30, 2022, to shareholders on record as of December 15, 2022. The company, with assets of $3.9 billion, provides financial services through Summit Community Bank across West Virginia and surrounding areas. Their focus includes commercial lending, residential lending, and wealth management services, with 44 branches and digital platforms available for customers.

Positive

• Declared a fourth quarter 2022 dividend of $0.20 per share.
• Strong asset base of $3.9 billion indicates financial stability.

Negative

• None.

News Market Reaction

+0.56%

1 alert

+0.56% News Effect

On the day this news was published, SMMF gained 0.56%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MOOREFIELD, W.V., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors today declared a fourth quarter 2022 dividend of $0.20 per share payable on December 30, 2022 to common shareholders of record as of the close of business on December 15, 2022.

Summit Financial Group, Inc. is the $3.9 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 44 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

What is the dividend amount declared by Summit Financial Group?

Summit Financial Group declared a dividend of $0.20 per share for the fourth quarter of 2022.

When is the dividend payable for Summit Financial Group?

The dividend is payable on December 30, 2022.

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

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

How does Summit Financial Group's asset base impact its dividends?

With an asset base of $3.9 billion, Summit Financial Group shows robust financial health, supporting its ability to pay dividends.