Pinnacle Financial Partners, Inc. (PNFPP) to Issue Quarterly Dividend of $0.42 on June 1st

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) announced a quarterly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.422 per share on Saturday, June 1st. This represents a $1.69 annualized dividend and a dividend yield of 7.23%. The ex-dividend date is Thursday, May 16th.

Pinnacle Financial Partners Price Performance

Shares of NASDAQ PNFPP traded down $0.21 during mid-day trading on Thursday, hitting $23.35. The company had a trading volume of 11,115 shares, compared to its average volume of 12,363. The firm has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $23.23. Pinnacle Financial Partners has a one year low of $19.38 and a one year high of $24.81.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.