Business
Bank7 Corp. Announces a 14.2% Quarterly Dividend Increase; Its Fifth Consecutive Annual Dividend Increase
OKLAHOMA CITY, July 26, 2024 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN), the parent company of Oklahoma City-based Bank7 (the "Company"), is pleased to
About this update from Bank7 Corp.
[{"type":"text","content":"OKLAHOMA CITY, July 26, 2024 /PRNewswire/ -- Bank7 Corp. (NASDAQ: BSVN), the parent company of Oklahoma City-based Bank7 (the \"Company\"), is pleased to announce that its Board of Directors has declared an increase to its quarterly cash dividend to $0.24 per common share from the current $0.21 per common share. This dividend represents a 14.2% increase to the current dividend and is the fifth consecutive annual increase in BSVN's quarterly cash dividend. The dividend will be paid on October 9, 2024 to shareholders of record as of the close of business on September 26, 2024.\n\n \n \n \n \n \n \n\n \nThomas L. Travis, President and CEO of the Company said, \"Today's announcement of our fifth consecutive annual increase to our quarterly dividend illustrates the consistent strength and growth of our top tier earnings and reflects our confidence in those earnings. We continue to build capital due to those strong earnings and also by keeping our dividend payout ratio well below industry averages, yet at the same time, we provide a competitive dividend yield.\"\nAbout Bank7 Corp. \nWe are Bank7 Corp., a bank holding company headquartered in Oklahoma City, Oklahoma. Through our wholly-owned subsidiary, Bank7, we operate twelve full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas. We are focused on serving business owners and entrepreneurs by delivering fast, consistent, and well-designed loan and deposit products to meet their financing needs. We intend to grow organically by selectively opening additional branches in our target markets as well as pursuing strategic acquisitions.\nCautionary Statements Regarding Forward-Looking Information \nThis communication contains a number of forward-looking statements. These forward-looking statements reflect Bank7 Corp.'s current views with respect to, among other things, future events and Bank7 Corp.'s financial performance. Any statements about Bank7 Corp.'s expectations, beliefs, plans, predictions, forecasts, objectives, assumptions or future events or performance are not historical facts and may be forward-looking. These statements are often, but not always, made through the use of words or phrases such as \"anticipate,\" \"believes,\" \"can,\" \"could,\" \"may,\" \"predicts,\" \"potential,\" \"should,\" \"will,\" \"estimate,\" \"plans,\" \"projects...