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 $0.09 per share, reflecting a $0.02 increase over 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 $0.09 per share, reflecting a $0.02 increase over the previous quarter. This dividend is set to be paid on August 16, 2021, to shareholders recorded by the end of business on August 2, 2021. This announcement highlights the company’s commitment to returning value to its shareholders and reflects robust financial health.
Positive
- Dividend increased by $0.02, demonstrating financial growth and shareholder value.
- Quarterly cash dividend set at $0.09 per share, indicating a stable cash position.
Negative
- None.
Details
News Market Reaction – SPFI
The recorded move for SPFI in the trading session of this news was +0.43%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
LUBBOCK, Texas, July 22, 2021 (GLOBE NEWSWIRE) -- South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains”), 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, 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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