Published on 29 Jan 2024 on Simply Wall St. via Yahoo Finance
Simmons First National (NASDAQ:SFNC) Has Announced That It Will Be Increasing Its Dividend To $0.42
Simmons First National Corporation (NASDAQ:SFNC) has announced that it will be increasing its dividend from last year's comparable payment on the 1st of April to $0.42. This makes the dividend yield 4.2%, which is above the industry average.
While the dividend yield is important for income investors, it is also important to consider any large share price moves, as this will generally outweigh any gains from distributions. Investors will be pleased to see that Simmons First National's stock price has increased by 42% in the last 3 months, which is good for shareholders and can also explain a decrease in the dividend yield.