BancFirst hikes dividend by 6.3%
BancFirst Corporation (BANF) will raise its quarterly dividend by 6.3 percent to 34 cents per share in 2020. This comes after a 6.7 percent dividend hike to $0.32 per share in 2019. This latest dividend hike will make 2020 the 27th consecutive year of annual dividend increases by the financial services company.
The next dividend is payable October 15, 2020, to shareholders of record on September 30, 2020. A new annualized dividend rate of $1.36 per share yields 3.0% at a stock price of $44.84.
BancFirst Corporation is an Oklahoma based financial services holding company. The company's principal subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. BANF also owns 100% of BancFirst Insurance Services, Inc., an independent insurance agency, and 100% of Council Oak Partners LLC, an Oklahoma limited liability company engaged in investing activities.
The next dividend is payable October 15, 2020, to shareholders of record on September 30, 2020. A new annualized dividend rate of $1.36 per share yields 3.0% at a stock price of $44.84.
BancFirst Corporation is an Oklahoma based financial services holding company. The company's principal subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank. It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. BANF also owns 100% of BancFirst Insurance Services, Inc., an independent insurance agency, and 100% of Council Oak Partners LLC, an Oklahoma limited liability company engaged in investing activities.
