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NASHVILLE - Pinnacle Financial Partners, Inc. (Nasdaq/NGS: PNFP) has declared upcoming dividend payments for both its common and preferred shareholders. The company’s Board of Directors approved a cash dividend of $0.24 per common share, scheduled for distribution on May 30, 2025, to shareholders of record by May 2, 2025. According to InvestingPro data, PNFP has maintained dividend payments for 13 consecutive years, with the current yield at 1.04% and a notable dividend growth of 9.09% over the past year. Additionally, preferred shareholders can expect a dividend of approximately $3.8 million in total, equating to $16.88 per share, or $0.422 per depositary share, for the 6.75 percent Series B Non-Cumulative Perpetual Preferred Stock. This dividend is payable on June 1, 2025, to shareholders on record as of May 17, 2025. For deeper insights into PNFP’s dividend sustainability and growth potential, investors can access comprehensive analysis through InvestingPro, which currently shows the stock as slightly undervalued based on its Fair Value model.
The announcement comes as Pinnacle Financial continues to offer a broad spectrum of financial services, including banking, investment, trust, mortgage, and insurance products. With a market capitalization of $7.3 billion and a solid financial health score rated as "FAIR" by InvestingPro, the firm has established a strong presence in the Southeastern United States, particularly as the top bank in the Nashville-Murfreesboro-Franklin Metropolitan Statistical Area (MSA), according to 2024 FDIC deposit data. Pinnacle Financial has also earned recognition for its workplace environment, securing a spot on FORTUNE magazine’s 2025 list of 100 Best Companies to Work For in the U.S. for the ninth consecutive year.
Since its inception in October 2000 with a single Nashville location, Pinnacle Financial has grown significantly, boasting approximately $54.3 billion in assets as of March 31, 2025. As Tennessee’s second-largest bank holding company, Pinnacle operates in various urban markets across the Southeast.
The firm, a member of the Nasdaq Financial-100 Index, emphasizes that the continuation of its dividend payments is contingent upon the approval of the Board of Directors. Future dividends will be determined by the Board’s ongoing assessment and approval.
This financial update is based on a press release statement from Pinnacle Financial Partners, Inc.
In other recent news, Pinnacle Financial Partners has reported several key developments that may interest investors. The company has maintained its Market Perform rating with a $130 price target from Keefe, Bruyette & Woods, with analysts highlighting robust growth in loans and core deposits. Moody’s Ratings affirmed Pinnacle’s ratings and upgraded its outlook to stable, citing improved capitalization and reduced exposure to commercial real estate construction lending. Pinnacle has also announced amendments to its charter and fiscal address, ensuring compliance with state and federal regulations. Additionally, the company has approved its 2025 Annual Cash Incentive Plan, offering employees cash incentives based on performance metrics such as earnings per share and revenue targets. Furthermore, Pinnacle issued equity awards to key executives under its equity incentive plan, with vesting conditions tied to the company’s performance metrics. These recent developments reflect Pinnacle’s ongoing efforts to align employee interests with company performance and shareholder value.
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