SPFI South Plains Financial dividend history, payout ratio & dates
South Plains Financial's last cash dividend of $0.15 per share was issued to shareholders on record before Oct 28, 2024. The dividend payment stands at $0.56 per share annually, which equates to a dividend yield of 1.46%. The latest SPFI dividend of $0.15 is an increase from the previous $0.14 payout, representing a growth of 7%.
Key dates
- SPFI last dividend date: Oct 28, 2024
SPFI dividend stats
vs. Financial Services sector
Dividend yield
South Plains Financial's dividend yield of 1.46% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.58%, South Plains Financial's dividend yield is 43% lower. The current dividend yield is similar to the historical average of 1.4% of the last 5 years.
Dividend history
South Plains Financial has been paying dividends for the last five years. According to our records SPFI has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 8% for the last twelve months. However with the stock price up by 45% from a year ago, the dividend yield has decreased by 26%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Oct 28, 2024 | $0.15 | 1.62% |
| Jul 29, 2024 | $0.14 | 1.66% |
| Apr 26, 2024 | $0.14 | 2.04% |
| Jan 26, 2024 | $0.13 | 1.82% |
| Oct 27, 2023 | $0.13 | 2% |
| Jul 28, 2023 | $0.13 | 1.9% |
| Apr 28, 2023 | $0.13 | 2.44% |
| Jan 27, 2023 | $0.13 | 1.7% |
| Oct 28, 2022 | $0.12 | 1.47% |
| Jul 29, 2022 | $0.12 | 1.63% |
| Apr 29, 2022 | $0.11 | 1.66% |
| Jan 28, 2022 | $0.11 | 1.25% |
| Oct 29, 2021 | $0.09 | 1.15% |
| Jul 30, 2021 | $0.09 | 1.13% |
| Apr 30, 2021 | $0.07 | 0.88% |
| Jan 29, 2021 | $0.05 | 0.85% |
| Oct 30, 2020 | $0.05 | 0.96% |
| Jul 24, 2020 | $0.03 | 0.93% |
| Apr 24, 2020 | $0.03 | 1.03% |
| Jan 24, 2020 | $0.03 | 0.42% |
| Oct 25, 2019 | $0.03 | 0.36% |
| Jul 23, 2019 | $0.03 | 0.17% |
South Plains Financial dividend payout ratio
Payout ratio
South Plains Financial's payout ratio of 21.1% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 44%, South Plains Financial's payout ratio is 52% lower.
Total amount of dividends paid per financial year (from cash flow)
SPFI dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 4.92% | $1.51 | 103.4% |
| NRIM Northrim Bancorp Inc | 2.87% | $2.44 | 41.2% |
| SPFI South Plains Financial Inc | 1.46% | $0.56 | 21.1% |
Frequently asked questions
Does South Plains Financial pay a dividend?
Yes, South Plains Financial has paid four dividends in the last twelve months. SPFI has been paying dividends since 2019.
When was SPFI's last dividend?
South Plains Financial's last regular dividend was on Oct 28, 2024 (ex-date) with the amount of $0.15 per share.
How much dividend does South Plains Financial pay (per share)?
On an annual basis SPFI pays $0.56 per share.
What is South Plains Financial's dividend yield?
The current dividend yield of South Plains Financial is 1.46%.
How often does South Plains Financial pay dividends?
South Plains Financial pays four dividends per year.
What is South Plains Financial's dividend payout ratio?
The dividend payout ratio of South Plains Financial is 21.1%.
Does South Plains Financial pay a good dividend?
South Plains Financial's dividend yield is below the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.