Bank7 hikes dividend by 9.1%

Bank7 Corp. (BSVN), the parent company of Oklahoma City-based Bank7, will hike its quarterly dividend by 9.1 percent to $0.12 per common share. This dividend represents the second consecutive annual increase in BSVN's quarterly cash dividend. 

The next BVSN dividend will be paid on January 7, 2022, to shareholders of record as of the close of business on December 23, 2021. A 48 cent per share annual dividend for Bank7 yields 2.1% at a stock price of $22.50.

Thomas L. Travis, President and CEO of the Company said, "Today's announcement of a second consecutive annual increase in quarterly cash dividend reflects confidence in our strong earnings, is further supported by our strong capital position, and reaffirms our commitment to prudently return capital to shareholders."

Bank7 Corp. is a bank holding company headquartered in Oklahoma City, Oklahoma. Through its wholly-owned subsidiary, Bank7, BVSN operates nine full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas. Bank 7 initiated a dividend in 2019.