SmartFinancial, Inc. Increases Quarterly Cash Dividend, Payable on February 28, 2022
January 28, 2022 at 05:00 pm EST
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SmartFinancial, Inc. announced that on January 27, 2022, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.07 per share of SmartFinancial common stock payable on February 28, 2022, to shareholders of record as of the close of business on February 11, 2022. The $0.07 per share quarterly dividend represents a 17% increase over SmartFinancial's prior quarterly dividend declared in October 2021 of $0.06 per share.
SmartFinancial, Inc. is the bank holding company for SmartBank (the Bank). The Bank is a full-service commercial bank with branches across Tennessee, Alabama, and Florida. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, leases, consumer loans and residential and commercial construction loans. It also originates one to four family residential mortgage loans and generally enters into a commitment to sell these loans in the secondary market. SBK Insurance, Inc., a subsidiary of the Bank, provides insurance products in the property and casualty area, commercial, transportation, and life and health to their respective clients. The Bank provides a suite of commercial and consumer banking services to clients through about 42 full-service bank branches.
SMARTFINANCIAL, INC. 
