South Plains Financial, Inc. (NASDAQ:SPFI) has announced a quarterly cash dividend of $0.15 per share of common stock. This dividend will be payable on May 12, 2025, to shareholders of record as of the close of business on April 28, 2025.
South Plains, the parent company of City Bank, is a bank holding company for City Bank, a Texas state-chartered bank headquartered in Lubbock, Texas. City Bank operates in various markets including Dallas, El Paso, Greater Houston, the Permian Basin, College Station in Texas, and the Ruidoso market in New Mexico.
In the latest dividend declaration, the company has maintained the dividend at $0.15 per share, consistent with the previous period. This steady dividend payout indicates the company's commitment to rewarding its shareholders and reflects a stable financial position.
It's worth noting that South Plains Financial, Inc. has a track record of consistently paying dividends, providing investors with a potential source of regular income. This latest announcement reinforces the company's dividend policy and its confidence in sustaining the current dividend level.
Investors and analysts will likely closely monitor the company's future financial performance and cash position to assess its ability to maintain dividend payouts at the current level. Following these announcements, the company's shares moved 1.7%, and are now trading at a price of $32.2. For the full picture, make sure to review South Plains Financial's 8-K report.
