American River Bankshares Announces its Quarterly Cash Dividend
American River Bankshares (NASDAQ-GS: AMRB) has declared a quarterly cash dividend of $0.07 per share, payable on February 17, 2021, to shareholders recorded by February 3, 2021.
Sentiment and the balance of points
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Rhea-AI Summary
American River Bankshares (NASDAQ-GS: AMRB) has declared a quarterly cash dividend of $0.07 per share, payable on February 17, 2021, to shareholders recorded by February 3, 2021. This marks the seventeenth cash dividend since the program's reinstatement in January 2017 and is consistent with the dividend declared in October 2020. The company operates American River Bank, serving Northern California since 1983, offering a comprehensive range of banking products to its community.
Positive
- Quarterly cash dividend of $0.07 per share reinforces shareholder returns.
- Seventeenth cash dividend since program reinstatement indicates consistent performance.
Negative
- None.
Details
News Market Reaction – AMRB
The recorded move for AMRB in the trading session of this news was +1.67%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
SACRAMENTO, Calif., Jan. 21, 2021 (GLOBE NEWSWIRE) -- American River Bankshares (NASDAQ-GS: AMRB) announced its quarterly cash dividend of 7 cents per share (
The cash dividend is equal to the 7 cents announced on October 22, 2020 and represents the seventeenth cash dividend since the quarterly cash dividend program was reinstated in January of 2017.
About American River Bankshares
American River Bankshares [NASDAQ-GS: AMRB] is the parent company of American River Bank, a regional bank serving Northern California since 1983. We provide financial expertise and exceptional service to complement a full suite of banking products and services to meet the needs of the communities we serve. For more information, call (800) 544-0545 or visit our website at AmericanRiverBank.com.
Forward-Looking Statements
Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Actual results may differ materially from the results in these forward-looking statements. Factors that might cause such a difference include, among other matters, changes in interest rates, economic conditions, governmental regulation and legislation, credit quality, and competition affecting the Company’s businesses generally; the risk of natural disasters and future catastrophic events including terrorist related incidents; and other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and in subsequent reports filed on Form 10-Q and Form 8-K. The Company does not undertake any obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or otherwise, except as required by law.
Investor Contact:
Mitchell A. Derenzo
Executive Vice President, Chief Financial Officer
American River Bankshares
916-231-6723
Media Contact:
Jennifer J. Held
Vice President, Marketing Director
American River Bankshares
916-231-6717
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