Summit Financial Group, Inc. Announces Q4 Dividend of $0.17 Per Share

Rhea-AI Summary

Summit Financial Group, Inc. (NASDAQ: SMMF) declared a fourth quarter 2020 dividend of $0.17 per share, scheduled for payment on December 31, 2020. Shareholders of record will be those on file as of the close of business on December 15, 2020. The company, headquartered in Moorefield, West Virginia, is valued at $2.95 billion and provides community banking services across various regions in West Virginia and Virginia through its subsidiary, Summit Community Bank.

Positive

• Declared a dividend of $0.17 per share, providing income to shareholders.
• Company operates in multiple regions, enhancing geographical revenue sources.

Negative

• None.

News Market Reaction – SMMF

-0.05%

-0.05% Session move

In the trading session that priced this news, SMMF declined 0.05%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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MOOREFIELD, W.V., Nov. 19, 2020 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2020 dividend of $0.17 per share payable on December 31, 2020 to common shareholders of record as of the close of business on December 15, 2020.

Summit Financial Group, Inc. is a $2.95 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 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 in November 2020?

The dividend amount declared is $0.17 per share.

When will the dividend for Q4 2020 be paid to shareholders?

The dividend will be paid on December 31, 2020.

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

The record date for the dividend payment is December 15, 2020.

What is the market capitalization of Summit Financial Group as of the press release?

The market capitalization of Summit Financial Group is approximately $2.95 billion.