SmartFinancial (SMBK) said late Friday its board maintained the quarterly cash dividend of $0.08 per share. The dividend will be payable on March 2 to shareholders of record as of Feb. 13.
The company's board also authorized a stock buyback plan of up to a total amount of $10 million of its common shares, SmartFinancial said, adding that the new plan will be effective March 1 and will expire in February next year.
The new repurchase plan will replace the prior buyback program, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.