South Plains Financial hikes dividend by 5.9%
The latest increase is the company's second dividend hike of 2026, bringing the total dividend increase this year to 12.5%. South Plains Financial has now raised its dividend for seven consecutive years. At a share price of $46, the dividend yields approximately 1.6%. The ex-dividend date is July 27, 2026.
The additional increase announced in July follows an earlier dividend hike this year, bringing the cumulative increase for 2026 to 12.5%. Although the pace has moderated compared with the company's early years as a dividend grower, South Plains Financial has maintained a consistent record of annual dividend increases for seven consecutive years.
South Plains Financial is the parent company of City Bank and provides commercial and consumer banking, mortgage lending, wealth management and treasury services across Texas and New Mexico. For more information, visit the website of South Plains Financial.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.