PINE
BLUFF, Ark., July 28,
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 October 2,
2023, to shareholders of record as of September 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.
Simmons has paid cash dividends for 114 consecutive years.
According to research performed by Dividend Power, Simmons is one
of only 24 U.S. publicly traded companies that have paid dividends
for 100+ uninterrupted years. Simmons has increased its dividend
for 12 consecutive years, earning it Dividend Power's designation
as a Dividend Contender 2023, a title reserved exclusively for
companies that have increased their dividend for 10 to 24
consecutive years. As of February 15,
2023, Dividend Power research noted that Simmons is one of
only 371 companies out of nearly 6,000 companies listed on the New
York Stock Exchange (NYSE) and NASDAQ 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 231 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 2023,
Simmons Bank was recognized by
Forbes as one of America's Best Midsize Employers and among
the World's Best Banks for the fourth consecutive year. In 2022,
Simmons Bank was named to
Forbes' list of "America's Best Banks" for the second
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, 2022, 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