Simmons First National Corporation (SFNC) announced on April 20, 2023, that its board of directors has declared a quarterly cash dividend of $0.20 per share on Simmons' Class A common stock. This dividend is payable on July 3, 2023, to shareholders of record as of June 15, 2023.

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Dividend Increase and Growth Rate

The cash dividend rate represents an increase of $0.01 per share, or 5 percent, from the dividend paid for the same time period last year. The indicated annual cash dividend rate of $0.80 for 2023 represents a ten-year compound annual growth rate of 7 percent. This announcement marks the 12th consecutive year that Simmons has increased its dividend, earning it Dividend Power's designation as a Dividend Contender, a title reserved exclusively for companies that have increased their dividend for 10 to 24 consecutive years.

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Long History of Dividend Payments

Simmons has a long-standing history of paying cash dividends, with 2023 marking the 114th consecutive year that Simmons First National Corporation has paid them. According to research performed by Dividend Power, Simmons is one of only 24 U.S. publicly traded companies that have paid dividends for 100+ uninterrupted years. As of December 16, 2022, Dividend Power research noted that Simmons is one of only 347 companies out of nearly 6,000 companies listed on the New York Stock Exchange (NYSE) and NASDAQ in 2022 to achieve this distinction.

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Members of LevelFields received the alert of this event on April 19, 4:55 PM ET

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