The new dividend rate translates to an annualized payout of 72 cents per share. At the stock's recent closing price, this provides a dividend yield of approximately 1.6 percent. Shareholders of record as of July 27 will receive the payment on August 10.
South Plains Financial Lifts Dividend Payout
South Plains Financial is boosting its quarterly cash dividend by 6 percent, raising the distribution to 18 cents per share. This adjustment, up from the previous 17-cent payout, reflects the company's current capital allocation strategy following Thursday's market close at $44.25 per share.
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