South Plains Financial, Inc. Announces Increase To Quarterly Cash Dividend From $0.13 To $0.14 Per Share
Portfolio Pulse from Benzinga Newsdesk
South Plains Financial, Inc. (NASDAQ:SPFI), the parent company of City Bank, has announced an 8% increase in its quarterly cash dividend, raising it from $0.13 to $0.14 per share. The new dividend will be payable on May 13, 2024, to shareholders of record as of April 29, 2024.
April 18, 2024 | 8:13 pm
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South Plains Financial, Inc. has increased its quarterly cash dividend by 8%, from $0.13 to $0.14 per share, signaling confidence in its financial stability and commitment to returning value to shareholders.
Increasing dividends is often seen as a positive signal about a company's future earnings potential and financial health. For South Plains Financial, Inc., this move could attract income-focused investors and potentially lead to a short-term increase in stock price due to perceived financial stability and a commitment to shareholder returns.
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