Home BancShares Announces $0.195 Dividend and Expands Share Repurchase Program

Home BancShares (NYSE:HOMB) has declared a quarterly dividend of $0.195 per share. This announcement marks the third consecutive quarter that the company has set its dividend at this same level. The declared dividend aligns with previous distributions, making it a stable choice for shareholders.

Dividend Details

The forward yield on the declared dividend stands at 2.59%. The dividend will be payable on March 5, and shareholders of record as of February 12 will be eligible to receive it. The ex-dividend date is also set for February 12.

Share Repurchase Program Increase

In addition to the dividend declaration, Home BancShares has decided to increase its share repurchase program. This move demonstrates the company’s commitment to returning value to shareholders while also indicating confidence in its financial prospects. By repurchasing shares, the company aims to enhance the value of remaining shares by reducing the overall number of shares available on the market.

Conclusion

With a consistent dividend and an increased share repurchase initiative, Home BancShares is taking significant steps to support its shareholders. These actions signal a strong financial position and a dedication to maintaining a favorable investor relationship.

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