Home BancShares, Inc.'s (HOMB), parent company of Centennial Bank, Friday said its Board of Directors has declared a regular $0.15 per share quarterly cash dividend payable June 5, to shareholders of record May 15.
This cash dividend represents a $0.05 per share, or 50 percent, increase over the $0.10 cash dividend paid during the second quarter of 2012 and is a 15 percent increase over the $0.13 per share cash dividend paid during the first quarter.
Additionally, the Board of Directors declared a two-for-one stock split of its common stock payable in the form of a 100 percent stock dividend. The split is payable June 12 to shareholders of record May 22. The company currently has 28.12 million shares of common stock outstanding.
After the stock split, the number of shares of common stock outstanding will increase to about 56.23 million.
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