PB Financial Corporation Declares Second-Quarter, 2024 Dividend [Yahoo! Finance]
PB FINANCIAL CORPORATION (PBNC)
NASDAQ:AMEX Investor Relations:
paragonbank.com/aboutus/investor-relations
Company Research
Source: Yahoo! Finance
for Providence Bank, announced today that the Board of Directors approved a quarterly cash dividend of $0.53 per share on common stock outstanding to shareholders of record at the close of business on May 8, 2024. The dividend is payable May 23, 2024. This is an increase of approximately 17.78% from the dividend paid during the 2 nd quarter of 2023. This represents a $2.12 per share dividend on an annualized basis and a dividend yield of approximately 5.30% (based on closing price on April 29, 2024 of $40.00/share). Whitehurst commented, "This represents our 50 th consecutive quarterly cash dividend. Our consistent financial performance has allowed us to increase our cash dividend each quarter since we began paying dividends in the 1 st quarter of 2012. The consistent increase in our cash dividend continues to be an important part of our strategy to enhance shareholder value. We believe this strategy sets us apart from other community banks." Providence Bank is a state-chartered c
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