BancFirst Corporation (BANF) will raise its quarterly dividend by 6.7 percent to $0.32 per share in 2019, marking the 26th consecutive year of annual dividend increases. Last year BANF hiked its dividend by 42.9 percent.

The next dividend is payable October15, 2019, to shareholders of record on September 30, 2019. A new annualized dividend rate of $1.28 per share yields 2.4% at a stock price of $52.50.

BancFirst Corporation is an Oklahoma based financial services holding company. The company's principal subsidiary bank, BancFirst, is Oklahoma's largest state-chartered bank.  It has four business units, which include metropolitan banks, community banks, other financial services, and executive, operations and support. BANF also owns 100% of BancFirst Insurance Services, Inc., an independent insurance agency, and 100% of Council Oak Partners LLC, an Oklahoma limited liability company engaged in investing activities.