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South Plains Financial, Inc. operates as a bank holding company for City Bank that provides commercial and consumer financial services to small and medium-sized businesses and individuals. The company operates through two segments, Banking and Insurance. It offers deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificate of deposits. The company also provides commercial real estate loans; general and specialized commercial loans, including agricultural production and real estate, energy, finance, investment, and insurance loans, as well as loans to goods, services, restaurant and retail, construction, and other industries; residential construction loans; and 1-4 family residential loans, auto loans, and other loans for recreational vehicles or other purposes. In addition, it offers crop insurance products; trust products and services; investment services; mortgage banking services; online and mobile banking services; and debit and credit cards. The company operates 25 full-service banking locations; and 15 loan production offices located throughout Texas and Eastern New Mexico. South Plains Financial, Inc. was founded in 1941 and is headquartered in Lubbock, Texas.

South Plains Financial Dividend Announcement

South Plains Financial announced a quarterly dividend of $0.15 per ordinary share which will be made payable on 2024-11-12. Ex dividend date: 2024-10-28
South Plains Financial annual dividend for 2024 was $0.56
South Plains Financial annual dividend for 2023 was $0.52
South Plains Financial's trailing twelve-month (TTM) dividend yield is 1.48%
South Plains Financial's payout ratio for the trailing twelve months (TTM) is 20.30%

South Plains Financial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-28$0.15quarterly2024-11-12
2024-07-29$0.14quarterly2024-08-12
2024-04-26$0.14quarterly2024-05-13
2024-01-26$0.13quarterly2024-02-12
2023-10-27$0.13quarterly2023-11-13
2023-07-28$0.13quarterly2023-08-14
2023-04-28$0.13quarterly2023-05-15
2023-01-27$0.13quarterly2023-02-13
2022-10-28$0.12quarterly2022-11-15
2022-07-29$0.12quarterly2022-08-15
2022-04-29$0.11quarterly2022-05-16
2022-01-28$0.11quarterly2022-02-14
2021-10-29$0.09quarterly2021-11-16
2021-07-30$0.09quarterly2021-08-16
2021-04-30$0.07quarterly2021-05-17
2021-01-29$0.05quarterly2021-02-16
2020-10-30$0.05quarterly2020-11-16
2020-07-24$0.03quarterly2020-08-10
2020-04-24$0.03quarterly2020-05-11
2020-01-24$0.03quarterly2020-02-10
2019-10-25$0.03quarterly2019-11-12
2019-07-23$0.03quarterly2019-08-07

South Plains Financial Dividend per year

South Plains Financial Dividend growth

South Plains Financial Dividend Yield

South Plains Financial current trailing twelve-month (TTM) dividend yield is 1.48%. Interested in purchasing South Plains Financial stock? Use our calculator to estimate your expected dividend yield:

South Plains Financial Financial Ratios

P/E ratio14.32
PEG ratio1.00
P/B ratio1.41
ROE10.39%
Payout ratio20.30%
Current ratio0.46
Quick ratio0.46
Cash Ratio0.32

South Plains Financial Dividend FAQ

How much is the next South Plains Financial dividend?
South Plains Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next South Plains Financial dividend. The next South Plains Financial dividend will be released in January, April, July, or October.
When is South Plains Financial dividend paid?
South Plains Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does South Plains Financial pay?
The specific amount of South Plains Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find South Plains Financial's dividend history.
Does South Plains Financial stock pay dividends?
Yes, South Plains Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find South Plains Financial's dividend history.
How much dividend does South Plains Financial pay?
South Plains Financial paid $0.56 in 2024, $0.52 in 2023, $0.46 in 2022, $0.3 in 2021, and $0.14 in 2020.
How often does South Plains Financial pay dividends?
South Plains Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is South Plains Financial's dividend yield?
The current dividend yield for South Plains Financial is 1.48%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate South Plains Financial's exact dividend yield.
When does South Plains Financial go ex dividend?
South Plains Financial's ex-dividend date for the latest dividend was on 2024-10-28. South Plains Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next South Plains Financial dividend paid?
South Plains Financial pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will South Plains Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether South Plains Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is South Plains Financial dividend per share?
South Plains Financial paid $0.56 per share in 2024 and $0.52 per share in 2023. The amount of dividend per share that South Plains Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is South Plains Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is South Plains Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is South Plains Financial a dividend stock?
Yes, South Plains Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is South Plains Financial a good dividend stock?
Whether South Plains Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. South Plains Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating South Plains 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.
Does South Plains Financial pay dividends monthly?
South Plains Financial typically pays dividends on a quarterly basis.
Does South Plains Financial pay dividends quarterly?
South Plains Financial currently pays dividends on a quarterly basis.
Has South Plains Financial ever paid a dividend?
Yes, South Plains Financial has a history of paying dividends to its shareholders. South Plains Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy South Plains Financial dividend stocks?
To buy South Plains Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy South Plains Financial stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does South Plains Financial pay dividends 2024?
South Plains Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-12. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will South Plains Financial increase its dividend in 2024?
Decisions regarding South Plains Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date South Plains Financial dividend overview you can look into the above table of dividend history.
How South Plains Financial dividend works?
The South Plains Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how South Plains Financial's dividend process works:

1. Determination of Dividend: South Plains 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, South Plains 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, South Plains 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 South Plains 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.
How are South Plains Financial dividends paid?
South Plains Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: South Plains 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, South Plains 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: South Plains 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.
How many times does South Plains Financial pay dividends?
South Plains Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does South Plains Financial pay dividends?
The general pattern is that South Plains Financial pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is South Plains Financial dividend safe?
The safety of South Plains Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of South Plains 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 South Plains 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.