2023 marks the
114th consecutive year that Simmons has paid cash
dividends to shareholders
PINE
BLUFF, Ark., Jan. 23,
2023 /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 $0.20 per
share, which is payable on April 3,
2023, to shareholders of record as of March 15, 2023. The cash dividend rate represents
an increase of $0.01 per share, or 5
percent, from the dividend paid for the same time period last
year.
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The indicated annualized cash dividend rate of $0.80 for 2023 represents a ten-year compound
annual growth rate of 7 percent and marks the 114th
consecutive year that Simmons has paid cash dividends. According to
research by Dividend Power, Simmons is one of only 24 U.S. publicly
traded companies that have paid dividends for 100+ uninterrupted
years. This marks the 12th consecutive year that Simmons
has increased its dividend, earning it Dividend Power's designation
as a "Dividend Contender," a title exclusively for companies that
have increased their dividend for 10 to 24 consecutive years. As of
December 16, 2022, Dividend Power
research noted that Simmons is one of only 347 companies out of
nearly 6,000 companies listed on the New York Stock Exchange (NYSE)
and NASDAQ in 2022 to achieve this distinction.
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 114 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