Seacoast Banking Corporation of Florida, a leading community bank in Florida, has announced a dividend increase for its common stock. The announcement was made on April 20, 2023, after the Company's Board of Directors declared a quarterly cash dividend to the holders of the Company's common stock and approved a quarterly increase from $0.17 to $0.18 per share. This increase represents a 5.88% rise and highlights the Company's commitment to enhancing shareholder value.

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The Details of the Dividend Increase

The dividend increase by Seacoast Banking Corporation of Florida is payable on June 30, 2023, to shareholders of record at the close of business on June 15, 2023. The move is a sign of the Company's financial stability and confidence in its future growth prospects. Seacoast has been consistent in rewarding its shareholders over the years, and this announcement is a testament to that fact.

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Seacoast Banking Corporation of Florida's Financial Position

As of December 31, 2022, Seacoast Banking Corporation of Florida had approximately $12.1 billion in assets and $10.0 billion in deposits. The Company provides a wide range of financial services, including commercial and consumer banking, wealth management, and mortgage services to customers across Florida. With over 50 full-service branches and advanced mobile and online banking solutions, Seacoast National Bank, the Company's wholly-owned subsidiary bank, is committed to providing exceptional customer service and delivering value to its shareholders.

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Members of LevelFields received the alert of this event on April 20, 4:20 PM ET

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