Simmons First National Corporation declares dividend of $0.19 per share

PINE BLUFF, Arch., October 20, 2022 /PRNewswire/ — Simmons First National Corporation (NASDAQ: SFNC) (Simmons) today announced that its Board of Directors has declared a quarterly cash dividend on Simmons Class A common stock $0.19 per share, which is payable on January 3, 2023to shareholders registered in December 15, 2022. The cash dividend rate represents an increase of $0.01 per share, or 6% of the dividend paid for the same period last year.

The annual cash dividend rate of $0.76 for 2022 represents a ten-year compound annual growth rate of 7%, and 2022 represents the 113th consecutive year that Simmons has paid cash dividends. According to research by Dividend Power, Simmons is one of only 23 publicly traded U.S. companies to have paid dividends for more than 100 years without interruption.

Simmons First National Society

Simmons First National Corporation (NASDAQ:SFNC) is a Mid-South-based financial holding company that has paid cash dividends to its shareholders for 113 consecutive years. Its main subsidiary, Simmons Bankoperates 230 branches in Arkansas, Kansas, Missouri, Oklahoma, Tennessee and Texas. Founded in 1903, Simmons Bank offers comprehensive financial solutions delivered with a customer-centric approach. In 2022, Simmons Bank was named to the Forbes list of “America’s Top Banks” for the second year in a row and was named to the Forbes list of “The World’s Best Banks” for the third year in a row. Additional information about Simmons Bank can be found on our website at simmonsbank.com, by following @Simmons_Bank on Twitter or by visiting our newsroom.

Forward-looking statements

This press release contains statements relating to dividends that are not based on historical fact and constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. By their nature, these forward-looking statements are based on various assumptions and involve inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Among other risks, there can be no assurance that the Simmons Board of Directors will approve a quarterly dividend in future quarters, and the timing, payment and amount of future dividends (if any) may differ materially from past dividends. Additional information about other risk factors that could affect forward-looking statements is contained in Simmons’ Form 10-K for the year ended December 31, 2021, which has been filed with and is available from the United States Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this press release, and Simmons undertakes no obligation to update such forward-looking statements to reflect events or circumstances that occur after the date of this press release. .

SOURCE Simmons First National Corporation

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