Home BancShares, parent company of Centennial Bank, announced that its board of directors has declared a regular $0.15 per share quarterly cash dividend payable June 5, 2013, to shareholders of record May 15, 2013.
The cash dividend represents a $0.05 per share, or 50%, increase over the $0.10 cash dividend paid during the second quarter of 2012 and is a 15% increase over the $0.13 per share cash dividend paid during the first quarter.
In addition, the Home Bancshares board declared a two-for-one stock split of its common stock payable in the form of a 100% stock dividend.
The two-for-one stock split is payable June 12, 2013, to shareholders of record May 22, 2013.
The company currently has approximately 28,116,000 shares of common stock outstanding. After the stock split, the current number of shares of common stock outstanding will increase to approximately 56,232,000 shares.
Home Bancshares (NASDAQ: HOMB) stock price closed at $38.15 per share on Thursday.