ServisFirst Bancshares Increases Quarterly Dividend by 12%

By Bobby Samwell • Tuesday, December 17 06:02 • Permanent Link

ServisFirst Bancshares, Inc. has announced an increase in its quarterly cash dividend by 12%. The company's Board of Directors approved the increase from $0.30 per share to $0.335 per share. This marks the latest in a series of annual dividend increases since the company went public in 2014.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama, and through its subsidiary, ServisFirst Bank, it provides business and personal financial services across various locations. The dividend is set to be payable on January 10, 2025, to stockholders of record as of January 2, 2025.

This move reflects the company's commitment to returning value to its shareholders and signifies its confidence in its financial position and future prospects. It also highlights the company's consistent growth and financial strength, as evidenced by its ability to increase dividends annually.

Investors and analysts will be closely watching to see how this increase in dividend aligns with the company's financial performance and its ability to sustain and grow its dividend payouts in the future. Following these announcements, the company's shares moved 1.5%, and are now trading at a price of $94.41. Check out the company's full 8-K submission here.

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