Skip to main content

Security National Financial Corporation Announces Completion of New Corporate Headquarters and Distribution of Stock Dividend

Written by Customer Service on . Posted in Dividend Reports And Estimates.

SALT LAKE CITY, Aug. 31, 2021 (GLOBE NEWSWIRE) — Security National Financial Corporation (NASDAQ: SNFCA) announced the impending completion of a second, new, 6-story Class A office building within its 19-acre office campus. This latest addition, located at 433 Ascension Way, Murray, Utah will become Security National’s corporate headquarters. Security National’s office campus is located at the center of the Salt Lake metropolitan area and for many years has been the home of Security National and its subsidiaries.

The Company will relocate many of its Utah-based operational functions to this new building, thereby improving efficiency by consolidating several retail mortgage and other subsidiary offices. The building will be 100% occupied, with the Company occupying approximately 51% and R1 RCM Inc occupying the remainder.

With the impressive economic expansion occurring along the Wasatch front, the Company considers the office campus’ valley-center location and proximity to both downtown Salt Lake City and Lehi, Utah’s “Silicone Slopes” to be very advantageous and of great benefit in recruiting employees.

Scott Quist, President and Chief Executive Officer of Security National Financial Corporation, stated: “We have been pleased with the changes in the Company this year. Beyond the massive undertaking this second building represents, we’ve seen revenue at all-time highs and growth in every business segment. In addition, the Company distributed a 5% stock dividend to stockholders on July 16th, 2021. This is the 33rd consecutive year in which the Company has declared a stock dividend of 5% or more. The Company’s gains are also reflected in its book value which has increased to $14.25 per common share. With the recent rise in stock value we are pleased with the stock dividends and the options they afford for long-term appreciation or for cash flow to those stockholders choosing to sell shares.”

This press release contains statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to Security National Financial Corporation and its business. The predictions in the statements will involve risk and uncertainties and, accordingly, actual results may differ significantly from the results discussed or implied in such forward-looking statements.

If there are any questions, please contact Garrett S. Sill, Brian P. Nelsen or Scott M. Quist.

Security National Financial Corporation
P.O. Box 57250
Salt Lake City, Utah 84157

Telephone: (801) 264-1060
Toll Free Fax: (888) 296-1854

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.