Primis Financial Corp. operates as the bank holding company for Primis Bank that provides a range of financial services to individuals and small and medium sized businesses in the United States. Its deposit products include checking, NOW, savings, and money market accounts, as well as certificates of deposits. The company also offers commercial business and real estate, construction, secured asset based, small business administration, mortgage warehouse lending products, as well as financing for medical, dental, and veterinary businesses; residential mortgage, trust mortgage, home equity lines of credit, secured and unsecured personal, and consumer loans, as well as life insurance premium financing and demand loans. It also offers cash management services comprising investment/sweep, zero balance, and controlled disbursement accounts; and wire transfer, employer/payroll processing, night depository, depository transfer, merchant, ACH origination, and remote deposit capture services. In addition, the company provides debit cards, ATM services, notary services, and mobile and online banking. As of December 31, 2021, it operated forty full-service branches in Virginia and Maryland. The company was formerly known as Southern National Bancorp of Virginia, Inc. and changed its name to Primis Financial Corp. Primis Financial Corp. was founded in 2004 and is based in McLean, Virginia.
Primis Financial Dividend Announcement
• Primis Financial announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• Primis Financial annual dividend for 2024 was $0.40
• Primis Financial annual dividend for 2023 was $0.40
• Primis Financial's trailing twelve-month (TTM) dividend yield is 3.6%
• Primis Financial's payout ratio for the trailing twelve months (TTM) is 42.09%
• Primis Financial's dividend growth over the last five years (2018-2023) was 4.56% year
• Primis Financial's dividend growth over the last ten years (2013-2023) was 4.81% year
Primis Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.10 | quarterly | 2024-11-22 |
2024-08-09 | $0.10 | quarterly | 2024-08-23 |
2024-05-09 | $0.10 | quarterly | 2024-05-24 |
2024-02-08 | $0.10 | quarterly | 2024-02-23 |
2023-11-09 | $0.10 | quarterly | 2023-11-24 |
2023-08-10 | $0.10 | quarterly | 2023-08-25 |
2023-05-11 | $0.10 | quarterly | 2023-05-26 |
2023-02-09 | $0.10 | quarterly | 2023-02-24 |
2022-11-10 | $0.10 | quarterly | 2022-11-28 |
2022-08-11 | $0.10 | quarterly | 2022-08-26 |
2022-05-12 | $0.10 | quarterly | 2022-05-27 |
2022-02-10 | $0.10 | quarterly | 2022-02-25 |
2021-11-10 | $0.10 | quarterly | 2021-11-26 |
2021-08-12 | $0.10 | quarterly | 2021-08-27 |
2021-05-13 | $0.10 | quarterly | 2021-05-24 |
2021-02-11 | $0.10 | quarterly | 2021-02-26 |
2020-11-06 | $0.10 | quarterly | 2020-11-20 |
2020-08-07 | $0.10 | quarterly | 2020-08-21 |
2020-05-08 | $0.10 | quarterly | 2020-05-22 |
2020-02-13 | $0.10 | quarterly | 2020-02-28 |
2019-11-07 | $0.09 | quarterly | 2019-11-22 |
2019-08-09 | $0.09 | quarterly | 2019-08-23 |
2019-05-10 | $0.09 | quarterly | 2019-05-24 |
2019-02-08 | $0.09 | quarterly | 2019-02-22 |
2018-11-08 | $0.08 | quarterly | 2018-11-23 |
2018-08-10 | $0.08 | quarterly | 2018-08-24 |
2018-05-11 | $0.08 | quarterly | 2018-05-25 |
2018-02-09 | $0.08 | quarterly | 2018-02-23 |
2017-11-10 | $0.08 | quarterly | 2017-11-24 |
2017-08-10 | $0.08 | quarterly | 2017-08-25 |
2017-05-11 | $0.08 | quarterly | 2017-05-26 |
2017-02-09 | $0.08 | quarterly | 2017-02-24 |
2016-11-03 | $0.08 | quarterly | 2016-11-18 |
2016-08-04 | $0.08 | quarterly | 2016-08-19 |
2016-05-12 | $0.08 | quarterly | 2016-05-27 |
2016-02-04 | $0.08 | quarterly | 2016-02-19 |
2015-11-05 | $0.28 | quarterly | 2015-11-20 |
2015-08-06 | $0.08 | quarterly | 2015-08-21 |
2015-05-07 | $0.08 | quarterly | 2015-05-22 |
2015-02-05 | $0.08 | quarterly | 2015-02-20 |
2014-11-07 | $0.38 | quarterly | 2014-11-21 |
2014-07-31 | $0.08 | quarterly | 2014-08-15 |
2014-05-08 | $0.07 | quarterly | 2014-05-23 |
2014-02-06 | $0.07 | quarterly | 2014-02-21 |
2013-11-07 | $0.07 | quarterly | 2013-11-22 |
2013-08-08 | $0.07 | quarterly | 2013-08-23 |
2013-05-09 | $0.06 | quarterly | 2013-05-24 |
2013-02-07 | $0.05 | quarterly | 2013-02-22 |
Primis Financial Dividend per year
Primis Financial Dividend growth
Primis Financial Dividend Yield
Primis Financial current trailing twelve-month (TTM) dividend yield is 3.6%. Interested in purchasing Primis Financial stock? Use our calculator to estimate your expected dividend yield:
Primis Financial Financial Ratios
Primis Financial Dividend FAQ
Other factors to consider when evaluating Primis Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Primis Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Primis Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Primis Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Primis Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Primis Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Primis Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Primis Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Primis Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Primis Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.