The revised payout translates to an annual total of 80 cents per share. Based on the firm's Thursday closing price of $33.65, this new dividend rate represents an annual yield of 2.4 percent. Investors currently holding shares will receive the increased payment on Dec. 31, provided they are on the company’s books as of the Dec. 15 record date.
Seacoast Banking Corp. Raises Quarterly Dividend to 20 Cents
Seacoast Banking Corp. of Florida is increasing its quarterly dividend by 5.3 percent, lifting the payout to 20 cents per share from the previous 19 cents. This adjustment reflects a commitment to shareholder returns as the company prepares for its year-end distribution cycle in late December.
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