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 2.11%
• South Plains Financial's payout ratio for the trailing twelve months (TTM) is 20.08%
South Plains Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-28 | $0.15 | quarterly | 2024-11-12 |
2024-07-29 | $0.14 | quarterly | 2024-08-12 |
2024-04-26 | $0.14 | quarterly | 2024-05-13 |
2024-01-26 | $0.13 | quarterly | 2024-02-12 |
2023-10-27 | $0.13 | quarterly | 2023-11-13 |
2023-07-28 | $0.13 | quarterly | 2023-08-14 |
2023-04-28 | $0.13 | quarterly | 2023-05-15 |
2023-01-27 | $0.13 | quarterly | 2023-02-13 |
2022-10-28 | $0.12 | quarterly | 2022-11-15 |
2022-07-29 | $0.12 | quarterly | 2022-08-15 |
2022-04-29 | $0.11 | quarterly | 2022-05-16 |
2022-01-28 | $0.11 | quarterly | 2022-02-14 |
2021-10-29 | $0.09 | quarterly | 2021-11-16 |
2021-07-30 | $0.09 | quarterly | 2021-08-16 |
2021-04-30 | $0.07 | quarterly | 2021-05-17 |
2021-01-29 | $0.05 | quarterly | 2021-02-16 |
2020-10-30 | $0.05 | quarterly | 2020-11-16 |
2020-07-24 | $0.03 | quarterly | 2020-08-10 |
2020-04-24 | $0.03 | quarterly | 2020-05-11 |
2020-01-24 | $0.03 | quarterly | 2020-02-10 |
2019-10-25 | $0.03 | quarterly | 2019-11-12 |
2019-07-23 | $0.03 | quarterly | 2019-08-07 |
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 2.11%. Interested in purchasing South Plains Financial stock? Use our calculator to estimate your expected dividend yield:
South Plains Financial Financial Ratios
South Plains Financial Dividend FAQ
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.
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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.
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.
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.