Hilltop Holdings Raises Dividend, Initiates $100M Buyback Plan

Dow Jones
2025/01/31
 

By Stephen Nakrosis

 

Hilltop Holdings boosted its quarterly payout to investors and authorized a new stock repurchase program.

The board directors increased the dividend by 5.9% to 18 cents per share from 17 cents, the Dallas-based financial holding company said Thursday.

Equal to 72 cents an on annual basis, the new dividend represents a yield of about 2.4% based on Hilltop's last closing share price of $29.80. The dividend will be payable on Feb. 27 to common shareholders of record as of the close of business on Feb. 13. The company raised its quarterly dividend to 17 cents per share from 16 cents in January 2024.

Hilltop also said its board authorized a new stock repurchase program for up to $100 million of the company's outstanding common stock. The company has a market cap of $1.92 billion, 64.96 million shares outstanding and a public float of 45.37 million shares.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 30, 2025 17:49 ET (22:49 GMT)

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