Business
Bank7 Corp. Announces a 31.25% Quarterly Dividend Increase, Its Fourth Consecutive Annual Dividend Increase
OKLAHOMA CITY, July 31, 2023 /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 31, 2023 /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 $0.21 per common share from the current $0.16 per common share. This dividend represents a 31.25% increase to the current dividend and is the fourth consecutive annual increase in BSVN's quarterly cash dividend. The dividend will be paid on October 10, 2023 to shareholders of record as of the close of business on September 26, 2023.\n\n \n \n \n \n \n \n\n \nThomas L. Travis, President and CEO of the Company said, \"Today's announcement of a 31.25% increase in our quarterly cash dividend illustrates the strength of our core earnings growth and reflects our confidence in sustaining those core earnings. Even with the large increase, we continue to enjoy a low dividend payout ratio compared to industry averages, and therefore, we expect to continue our long-established practice of building shareholder value at a rapid pace.\"\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,\...