South Plains Financial (SPFI) Announces 7.7% Dividend Hike [Yahoo! Finance]
South Plains Financial, Inc. (SPFI)
Last south plains financial, inc. earnings: 4/30 04:10 pm
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Source: Yahoo! Finance
The company declared a quarterly cash dividend of 14 cents per share, which marks an increase of 7.7% from the prior payout. The dividend will be paid out on May 13 to shareholders of record as of Apr 29. The company has increased its dividend seven times during the last five years. Prior to the recent hike, SPFI increased its dividend by 8.3% to 13 cents per share in January 2023. Also, the company has a five-year annualized dividend growth of 50.82%. Currently, its payout ratio is 21% of earnings. This indicates that it retains sufficient earnings for reinvestment and future growth initiatives while still delivering attractive returns to its shareholders. Considering SPFI's closing price of $26 on Apr 19, its dividend yield is currently pegged at 2.2%. Apart from regular dividend payouts, South Plains Financial has an existing share repurchase program in place. This February, the company's board of directors authorized the repurchase of up to $10 million worth of outstandi
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SPFI
News
- South Plains Financial, Inc. (NASDAQ:SPFI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. (NASDAQ: SPFI) had its price target lowered by analysts at Hovde Group from $34.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- South Plains Financial, Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- South Plains Financial, Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
SPFI
Earnings
- 4/25/24 - Beat
SPFI
Sec Filings
- 4/25/24 - Form 8-K
- 4/18/24 - Form 8-K
- 4/8/24 - Form ARS
- SPFI's page on the SEC website