■ Increase · July 28, 2026 · detected in DividendSmart market data
SPFI raises its quarterly dividend 5.88% to $0.18 per share
South Plains Financial increases its quarterly dividend by 5.88% to $0.18 per share, marking the sixth consecutive annual increase.
SPFI (South Plains Financial, Inc.) has announced a quarterly dividend increase of 5.88%, raising the payout from $0.17 to $0.18 per share. The new dividend is payable to shareholders of record on the ex-dividend date of July 27, 2026.
The numbers
The new quarterly dividend of $0.18 per share brings the annualized payout to $0.72 per share. Based on the current stock price of $44.50, the trailing twelve-month (TTM) yield stands at 1.53%, with TTM dividends per share of $0.68. The company has a strong track record of dividend growth, with a five-year compound annual growth rate (CAGR) of 34.7% and six consecutive years of increases. Recent payments include $0.15 (April 2025), $0.16 (July 2025), $0.16 (October 2025), $0.17 (February 2026), and $0.17 (April 2026). For a complete dividend history, visit the dedicated page.
What it means for income investors
With the new quarterly rate, an investor holding 100 shares would receive $18.00 per quarter, or $72.00 annually, up from $68.00 previously. The increase continues a pattern of steady dividend growth, supported by the company's financial performance. As always, past dividend payments are not a guarantee of future distributions.
Reporting based on: DividendSmart market data. Figures verified against market data where available.