PINE
BLUFF, Ark., Oct. 20,
2022 /PRNewswire/ -- Simmons First National
Corporation (NASDAQ: SFNC) (Simmons) announced today that its board
of directors has declared a quarterly cash dividend on Simmons'
Class A common stock of $0.19 per
share, which is payable on January 3,
2023, to shareholders of record as of December 15, 2022. The cash dividend rate
represents an increase of $0.01 per
share, or 6 percent, from the dividend paid for the same time
period last year.
2022 represents the 113th consecutive year
that Simmons has paid cash dividends
The annual cash dividend rate of $0.76 for 2022 represents a ten-year compound
annual growth rate of 7 percent, and 2022 represents the 113th
consecutive year that Simmons has paid cash dividends. According to
research performed by Dividend Power, Simmons is one of only 23
U.S. publicly traded companies that have paid dividends for 100+
uninterrupted years.
Simmons First National
Corporation
Simmons First National Corporation (NASDAQ: SFNC) is a Mid-South
based financial holding company that has paid cash dividends to its
shareholders for 113 consecutive years. Its principal subsidiary,
Simmons Bank, operates 230 branches
in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial
solutions delivered with a client-centric approach. In 2022,
Simmons Bank was named to Forbes
list of "America's Best Banks" for the second consecutive year and
was named to Forbes list of "World's Best Banks" for the third
consecutive year. Additional information about Simmons Bank can be found on our website at
simmonsbank.com, by following @Simmons_Bank on Twitter or by
visiting our newsroom.
Forward-Looking
Statements
This press release contains statements related to dividends that
are not based on historical facts and constitute "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. By nature, such forward-looking statements are
based on various assumptions and involve inherent risks and
uncertainties that could cause actual results to differ materially
from those expressed in or implied by the forward-looking
statements. Among other risks, there can be no guarantee that the
board of directors of Simmons will approve a quarterly dividend in
future quarters, and the timing, payment, and amount of future
dividends (if any) may differ significantly from past dividends.
Additional information on other risk factors that could affect the
forward-looking statements is contained in Simmons' Form 10-K for
the year ended December 31, 2021,
which has been filed with, and is available from, the U.S.
Securities and Exchange Commission. Any forward-looking
statement speaks only as of the date of this press release, and
Simmons undertakes no obligation to update these forward-looking
statements to reflect events or circumstances that occur after the
date of this press release.
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SOURCE Simmons First National Corporation