Simmons Bank on Thursday announced that its board of directors had declared a quarterly dividend on the company’s Class A stock of 18-cents per share, payable on Jan. 4, 2022 to shareholders of record Dec. 15.
According to a press release, Simmons has paid cash dividends for 112 consecutive years which places the company in an exclusive list of companies, including Coca Cola, General Mills and Proctor and Gamble that have paid dividends for more than 100 years.
Coca Cola was listed at 101 years, General Mills at 123 years and Proctor and Gamble at 131 years.
The 18-cents per share dividend represents 1-cent per share or 6-percent more than the dividend paid for the same time last year.
The cash dividend for the full year of 2021 totaled 72-cents per share represents a dividend share of approximately 2.3 percent, based on a closing stock price of $31.07 on Oct. 22. The five-year compounded growth rate for cash dividends is more than 8 percent.
