SmartFinancial, Inc. (NASDAQ:SMBK) Announces Quarterly Dividend of $0.09

SmartFinancial, Inc. (NASDAQ:SMBK) declared a quarterly dividend on Monday, July 20th. Investors of record on Friday, July 31st will be given a dividend of 0.09 per share by the bank on Monday, August 17th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, July 31st.

SmartFinancial has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

SmartFinancial Trading Down 0.9%

SMBK opened at $47.74 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.10. SmartFinancial has a 52 week low of $32.63 and a 52 week high of $49.06. The business’s 50 day moving average is $44.26 and its two-hundred day moving average is $41.57. The firm has a market cap of $816.26 million, a price-to-earnings ratio of 22.31 and a beta of 0.70.

SmartFinancial Company Profile

SmartFinancial, Inc is a bank holding company headquartered in Knoxville, Tennessee, operating through its primary subsidiary, SmartBank. Incorporated in 2006, the company provides a full suite of banking and financial services to individuals, small and middle-market businesses and public entities across its regional footprint. SmartFinancial’s network of branch offices and digital platforms combines community-banking relationships with modern technology to serve its customers’ evolving needs.

Through SmartBank, the company offers a broad range of deposit products, including checking, savings and certificate of deposit accounts, alongside consumer and commercial lending solutions.