Pinnacle Financial Partners Announces Quarterly Dividend
Pinnacle Financial Partners, Inc. (PNFP.PR.A) has declared a quarterly dividend of $0.4658 per share for its preferred stock class A shares. The ex-dividend date is set for September 15, with the payment to be made on September 21 to shareholders recorded as of that date. The forward yield based on this payout stands at approximately 7.43%, indicating a relatively high return for investors in these preferred securities. This announcement comes amid broader financial updates from Pinnacle Financial Partners, including guidance for $5.05B-$5.1B revenue and a target CET1 capital ratio of 10.25%. The market may view this dividend as an indicator of the company's stable cash flow and confidence in its earnings outlook.
Tickers: $PNFP
Topics: dividends financials