Chief Executive Scott Quist emphasized that the recurring dividend remains a popular mechanism among investors, offering a choice between retaining the equity for future appreciation or liquidating the new shares for cash flow. Despite the announcement, market reaction was muted on Monday, with shares slipping 2% to reach $9.69 during afternoon trading.
In section Market Quotes
Security National Financial Extends 38-Year Streak With Stock Dividend
For the 38th consecutive year, Security National Financial has authorized a 5% stock dividend, maintaining a long-standing pattern of rewarding equity holders. Shareholders on record as of July 10 will receive their new shares on July 17, providing them with flexibility for either long-term growth or immediate liquidity.
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