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 October 3, 2022, to shareholders of record as of September 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.
The current quarterly cash dividend rate further represents an annualized cash dividend rate of $0.76 per share and a ten-year compound annual growth rate in the dividend of 7 percent.
Simmons has a track record of paying cash dividends for 113 consecutive years. According to research performed by Dividend Power, Simmons is one of only 23 U.S. companies that have paid dividends for 100+ uninterrupted years.
Simmons was one of only two banks to be named to the list and tied for second among Nasdaq listed companies for the longest active streak.