SmartFinancial (SMBK) Initiates, Declares $0.05 Quarterly Dividend; 0.9% Yield

SmartFinancial (NASDAQ: SMBK) initiated and declared a quarterly dividend of $0.05 per share, or $0.20 annualized. The dividend will be payable on December 6, 2019, to stockholders of record on November 21, 2019, with an ex-dividend date of November 20, 2019. The annual yield on the dividend is 0.9 percent.

SmartFinancial’s President and Chief Executive Officer, Billy Carroll, commented, “Our company has built a great foundation and we are excited that we’ve gotten to a point to be able to continue our growth as well as return capital to our shareholders.”

Miller Welborn, Chairman of SmartFinancial, added, “Our company is extremely proud of the accomplishments we have made to date. This is another example of how we are building a great bank with a great brand, while additionally keeping our shareholders first priority.”

For a dividend history and other dividend-related data on SmartFinancial (SMBK) click here.

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