South Plains Financial, Inc.
SPFIFinancial Services · Stock · quarterly payer
Forward Yield
1.64%
Annual Dividend
$0.72
Payout Ratio
18%
5-Yr Growth
38.9%
Ex-Date
Jul 27, 2026
Frequency
Quarterly
Summary
As of September 2026, South Plains Financial, Inc. (SPFI) yields 1.64% ($0.72 per share annually), with a blended fair-value estimate of $72.53 — +65% upside, so it screens as undervalued. Dividend safety grade: A (83/100). 5 years of dividend growth.
Is SPFI a good dividend stock?
YesSouth Plains Financial, Inc. (SPFI) pays a quarterly dividend yielding 1.64% ($0.72/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (18%)
- Strong 38.9% 5-yr dividend growth
- 68% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.64%
- Payout Ratio
- 18%
- Annual Dividend
- $0.72
- 5-Yr Avg Growth
- 38.9%
- Ex-Dividend Date
- Jul 27, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.46
- Market Cap
- $826.7M
- P/E Ratio
- 11.9
- 5-Yr Total Return
- 68%
- 52-Week Range
- $35.34 – $46.94
- Dividend Safety
- A · 83/100
- Ever Cut?
- No
Frequently Asked Questions
SPFI Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+64%
5 Years
+68%
52-Week Range
$35.34 – $46.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SPFI worth?
Undervaluedlow confidenceOur blended fair-value estimate for South Plains Financial, Inc. is $72.53 per share, versus a market price of $43.88. That implies 65% of upside — a margin of safety of about 40%.
Fair Value
$72.53
Current Price
$43.88
Upside
+65%
Margin of Safety
40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $3.68 EPS, $0.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SPFI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 27, 2026 | — | $0.1800 | regular |
| Apr 27, 2026 | — | $0.1700 | regular |
| Feb 2, 2026 | — | $0.1700 | regular |
| Oct 27, 2025 | — | $0.1600 | regular |
| Jul 28, 2025 | — | $0.1600 | regular |
| Apr 28, 2025 | — | $0.1500 | regular |
| Feb 3, 2025 | — | $0.1500 | regular |
| Oct 28, 2024 | — | $0.1500 | regular |
| Jul 29, 2024 | — | $0.1400 | regular |
| Apr 26, 2024 | — | $0.1400 | regular |
| Jan 26, 2024 | — | $0.1300 | regular |
| Oct 27, 2023 | — | $0.1300 | regular |
| Jul 28, 2023 | — | $0.1300 | regular |
| Apr 28, 2023 | — | $0.1300 | regular |
Income Calculator
At $0.72 / yr per share
