Home Bancshares (HOMB) Raises Quarterly Dividend 40% to $0.175; Two-for-One Stock Split Declared

Home Bancshares (NASDAQ: HOMB) declared a quarterly dividend of $0.175 per share, or $0.7 annualized. This is a 40% increase from the prior dividend of $0.125.

The dividend will be payable on June 1, 2016, to stockholders of record on May 11, 2016, with an ex-dividend date of May 9, 2016.

The annual yield on the dividend is 1.6 percent.

In addition, the Board of Directors has declared a two-for-one stock split of its common stock payable in the form of a 100% stock dividend. The two-for-one stock split is payable June 8, 2016, to shareholders of record May 18, 2016. The additional shares will be distributed by the Company’s transfer agent, Computershare, and the per share price of the Company’s common stock will adjust accordingly on the NASDAQ Global Select Market. The Company currently has approximately 70,190,000 shares of common stock outstanding. After the stock split, the current number of shares of common stock outstanding will increase to approximately 140,380,000 shares.

For a dividend history and other dividend-related data on Home Bancshares (HOMB) click here.

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