Servisfirst Bancshares (SFBS) will raise its quarterly dividend by 36.4 percent to $0.15 per share in the fourth quarter of 2018. This is the bank holding company's second dividend increase announced this year.

The dividend is payable on January 11, 2019 to stockholders of record as of January 2, 2019. A new annualized dividend rate of 60 cents per share yields 1.8% at a stock price of $33.39.

ServisFirst Bancshares, Inc. is a bank holding company based in Birmingham, Alabama. Through its subsidiary, ServisFirst Bank, ServisFirst Bancshares, Inc. provides business and personal financial services from locations in Birmingham, Huntsville, Mobile, Montgomery and Dothan, Alabama, Pensacola and Tampa Bay, Florida, Nashville, Tennessee, Atlanta, Georgia, and Charleston, South Carolina. ServisFirst has increased its dividend annually since the company went public in 2014.