ServisFirst Bancshares, Inc. announced on December 16, 2024, that its Board of Directors approved a 12% increase in the company's quarterly cash dividend. The dividend will rise from $0.30 per share to $0.335 per share, demonstrating the company's commitment to shareholder returns.
This increased dividend is scheduled to be payable on January 10, 2025, to stockholders of record as of January 2, 2025. The consistent annual dividend increases since the company went public in 2014 highlight a track record of financial stability and growth.
The decision to raise the dividend reflects the Board's confidence in ServisFirst's ongoing financial performance and its ability to generate sustainable earnings. This move is a positive signal to investors regarding the bank's future profitability and capital management strategy.
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