South Plains Financial's last quarterly cash dividend of $0.13 per share was issued to shareholders on record before Oct 27, 2023. The dividend payment stands at $0.52 per share annually, which equates to a dividend yield of 1.85%.
South Plains Financial's dividend yield of 1.85% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.38%, South Plains Financial's dividend yield is 45% lower.
South Plains Financial has been paying dividends for the last four years. According to our records SPFI has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 13% for the last twelve months. And with the stock price down by 8% from a year ago, the dividend yield has increased by 23%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Oct 27, 2023 | Nov 13, 2023 | Oct 19, 2023 | $0.13 | normal |
| Jul 28, 2023 | Aug 14, 2023 | Jul 20, 2023 | $0.13 | normal |
| Apr 28, 2023 | May 15, 2023 | Apr 20, 2023 | $0.13 | normal |
| Jan 27, 2023 | Feb 13, 2023 | Jan 19, 2023 | $0.13 | normal |
| Oct 28, 2022 | Nov 15, 2022 | Oct 20, 2022 | $0.12 | normal |
| Jul 29, 2022 | Aug 15, 2022 | Jul 21, 2022 | $0.12 | normal |
| Apr 29, 2022 | May 16, 2022 | Apr 21, 2022 | $0.11 | normal |
| Jan 28, 2022 | Feb 14, 2022 | Jan 20, 2022 | $0.11 | normal |
| Oct 29, 2021 | Nov 16, 2021 | Oct 21, 2021 | $0.09 | normal |
| Jul 30, 2021 | Aug 16, 2021 | Jul 22, 2021 | $0.09 | normal |
| Apr 30, 2021 | May 17, 2021 | Apr 22, 2021 | $0.07 | normal |
| Jan 29, 2021 | Feb 16, 2021 | Jan 21, 2021 | $0.05 | normal |
| Oct 30, 2020 | Nov 16, 2020 | Oct 22, 2020 | $0.05 | normal |
| Jul 24, 2020 | Aug 10, 2020 | Jul 16, 2020 | $0.03 | normal |
| Apr 24, 2020 | May 11, 2020 | Apr 15, 2020 | $0.03 | normal |
| Jan 24, 2020 | Feb 10, 2020 | Jan 16, 2020 | $0.03 | normal |
| Oct 25, 2019 | Nov 12, 2019 | Oct 17, 2019 | $0.03 | normal |
| Jul 23, 2019 | Aug 7, 2019 | Jul 18, 2019 | $0.03 | normal |
South Plains Financial's payout ratio of 13.6% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 36.5%, South Plains Financial's payout ratio is 63% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.52% | $1.51 | 43% |
| SPFI South Plains Financial Inc | 1.85% | $0.52 | 13.6% |
Yes, South Plains Financial has paid four dividends in the last twelve months. SPFI has been paying dividends since 2019.
SPFI hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in January 2024.
South Plains Financial's last regular dividend was on Oct 27, 2023 (ex-date) with the amount of $0.13 per share.
On an annual basis SPFI pays $0.52 per share.
The current dividend yield of South Plains Financial is 1.85%.
South Plains Financial pays four dividends per year.
The dividend payout ratio of South Plains Financial is 13.6%.
South Plains Financial's dividend yield is below the Financial Services sector average.