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Home BancShares Announces a 30 Percent Increase in First-Quarter Cash Dividend

 

Jan 25 - The board of directors of Home BancShares Inc. (Nasdaq:HOMB), parent company of Centennial Bank, has declared a regular 13 cents per share quarterly cash dividend payable March 6, 2013, to shareholders of record Feb. 13, 2013. This cash dividend represents a 3 cents per share, or 30 percent, increase over the 10 cents cash dividend paid during the first quarter of 2012 and is equal to both the regular and the special cash dividend paid during the fourth quarter of 2012.

During the fourth quarter of 2012, the board of directors paid a second dividend for the quarter on Dec. 31, 2012. This dividend has been declared by the board of directors as a special one-time cash dividend versus a cash dividend in lieu of the regular quarterly cash dividend for the first quarter of 2013. This special fourth-quarter dividend was paid out of current earnings and profits in accordance with IRC Section 316 and therefore, will be entirely classified as a qualifying dividend for income tax purposes pursuant to Section 1(h).

Home BancShares Inc. is a bank holding company, headquartered in Conway, Ark. Its wholly owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has locations in central Arkansas, north central Arkansas, southern Arkansas, the Florida Keys, southwestern Florida, central Florida, the Florida Panhandle and south Alabama. The company's common stock is traded through the NASDAQ Global Select Market under the symbol "HOMB."

 


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