Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) to Issue $0.42 Quarterly Dividend

Pinnacle Financial Partners, Inc. (NASDAQ:PNFPP) announced a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.422 per share on Saturday, March 1st. This represents a $1.69 annualized dividend and a yield of 6.77%. The ex-dividend date of this dividend is Friday, February 14th.

Pinnacle Financial Partners Stock Performance

Shares of Pinnacle Financial Partners stock traded down $0.05 during trading hours on Thursday, hitting $24.95. The company’s stock had a trading volume of 9,720 shares, compared to its average volume of 15,480. Pinnacle Financial Partners has a twelve month low of $22.76 and a twelve month high of $25.19. The firm has a fifty day moving average of $24.76 and a 200-day moving average of $24.46.

About Pinnacle Financial Partners

Pinnacle Financial Partners, Inc, together with its subsidiaries, operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States. The company accepts various deposits, including savings, noninterest-bearing and interest-bearing checking, money market, and certificate of deposit accounts; and provides treasury management services, which includes online wire origination, enhanced ACH origination services, positive pay, zero balance and sweep accounts, automated bill pay services, electronic receivables processing, lockbox processing, and merchant card acceptance services.