South Plains Financial, Inc. Announces $0.02 Increase to Quarterly Cash Dividend
South Plains Financial, Inc. (NASDAQ:SPFI) has declared a quarterly cash dividend of $0.07 per share, marking an increase of $0.02 from the previous quarter.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
South Plains Financial, Inc. (NASDAQ:SPFI) has declared a quarterly cash dividend of $0.07 per share, marking an increase of $0.02 from the previous quarter. This dividend will be payable on May 17, 2021, to shareholders of record as of May 3, 2021. South Plains is the parent company of City Bank, one of the largest independent banks in West Texas, providing a broad range of financial services to businesses and individuals across Texas and New Mexico.
Positive
- Dividend increased by $0.02, reflecting company confidence.
- Quarterly cash dividend of $0.07 per share enhances shareholder income.
Negative
- None.
Details
News Market Reaction – SPFI
The recorded move for SPFI in the trading session of this news was +1.76%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUBBOCK, Texas, April 22, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank, today announced that its Board of Directors has declared a quarterly cash dividend of
About South Plains Financial, Inc.
South Plains is the bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank is one of the largest independent banks in West Texas and has additional banking operations in the Dallas, El Paso, Greater Houston, the Permian Basin, and College Station Texas markets, and the Ruidoso Eastern New Mexico market. South Plains provides a wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with insurance, investment, trust and mortgage services. Please visit https://www.spfi.bank for more information.
| Contact: | Mikella Newsom, Chief Risk Officer and Secretary |
| investors@city.bank | |
| (866) 771-3347 |
Source: South Plains Financial, Inc.
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