Simmons First National announces two-for-one stock split
Simmons First National Corporation announced that its board of directors has approved a two-for-one stock split in the form of a 100% stock dividend. The stock split will entitle each shareholder of record as of the close of business on January 30, to receive one additional share of Simmons common stock for every share of common stock owned on that date. Shares resulting from the split will be distributed by Simmons' transfer agent, Computershare, on or about February 8. Simmons currently has approximately 46,041,000 shares of common stock outstanding. Simmons also announced that its board has declared a regular 15c per share quarterly cash dividend payable April 5, to shareholders of record as of the close of business on March 15. On a split-adjusted basis, this dividend represents a $0.025 per share, or 20%, increase above the dividend paid for the same period last year.