Pinnacle Financial Partners, Inc. (NYSE:PNFP) Announces Quarterly Dividend of $0.50

Pinnacle Financial Partners, Inc. (NYSE:PNFP) declared a quarterly dividend on Monday, April 20th. Shareholders of record on Friday, May 1st will be paid a dividend of 0.50 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, May 1st.

Pinnacle Financial Partners has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Pinnacle Financial Partners has a payout ratio of 23.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Pinnacle Financial Partners to earn $11.81 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 16.9%.

Pinnacle Financial Partners Trading Up 0.8%

Shares of PNFP traded up $0.75 during mid-day trading on Tuesday, reaching $99.13. The company had a trading volume of 14,665 shares, compared to its average volume of 1,619,525. The company has a market cap of $7.69 billion, a P/E ratio of 12.21, a PEG ratio of 0.33 and a beta of 1.00. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32. Pinnacle Financial Partners has a 1-year low of $81.08 and a 1-year high of $120.46.

Pinnacle Financial Partners Company Profile

Pinnacle Financial Partners (NYSE: PNFP) is a bank holding company headquartered in Nashville, Tennessee, that provides a broad range of commercial and consumer banking services. Founded in 2000, the company operates through a network of banking offices and digital channels to serve individuals, small and middle-market businesses, and institutional clients. Pinnacle’s business model emphasizes relationship-based banking and tailored financial solutions for commercial borrowers and deposit customers.

The company’s product and service offerings include commercial and residential lending, treasury and payment solutions, deposit accounts, mortgage services, and cash management.