Dallas-based Southwest Securities Group Inc.’s board of directors have upped the regular quarterly dividend by a penny to 9 cents per share. It was 7.3 cents as adjusted for a recent 10% stock dividend. The cash dividend is payable Oct. 2 to common shareholders of record at the Sept. 15 close of business.

Southwest Securities is a holding company offering investment and financial services through wholly owned subsidiaries of Southwest Securities Inc., Mydiscountbroker.com, First Savings Bank and its online division of MyBankUSA.com, SWS Financial Services Inc., Westwood Management Corp. and Westwood Trust, SW Capital Corp. and SWS Technologies Corp.

Meanwhile, Centex Corp.’s board is issuing a 4 cents per share quarterly cash dividend to common shareholders of record at the Sept. 5 close of business. Dallas-based Cenex is one of the country’s leading single-family homebuilders, non-bank-affiliated retail mortgage lenders and general building contractors. Centex also operates an investment real estate firm and owns about 65% publicly held construction products company.

Meanwhile, Centex subsidiary, CTX Mortgage Co., is forming a partnership with Fannie Mae to set up a new $5 billion affordable mortgage lending entity. Through the deal, CTX plans to increase its affordable mortgage lending services to more than 55,000 underserved families over the next five years.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.