Updated
Updated · MarketWatch · Apr 30SmartFinancial raises quarterly dividend 13% to 9 cents a share
3 articles · Updated · MarketWatch · Apr 30
- The bank holding company said the new payout equals 36 cents annually and implies a yield of about 0.9% based on Thursday's $41.94 closing price.
- The dividend will be paid on 1 June to shareholders of record on 15 May.
- The increase lifts the quarterly payment from 8 cents per share, marking a higher cash return for investors.
With record earnings, why does SmartFinancial's dividend yield lag so far behind its regional banking peers? Can SmartFinancial hit its ambitious $4 EPS target with M&A activity stalled by geopolitical tensions?