Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) has announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share. The dividend will be paid on March 6, 2025, to shareholders of record as of the close of business on February 20, 2025.

Positive

• Maintaining regular quarterly dividend payments, indicating financial stability
• $0.18 per share dividend provides steady income stream to shareholders

Negative

• None.

News Market Reaction

-1.41%

1 alert

-1.41% News Effect

On the day this news was published, BHLB declined 1.41%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOSTON, Feb. 7, 2025 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.18 per common share to shareholders of record at the close of business on February 20, 2025, payable on March 6, 2025.

About Berkshire Hills Bancorp

Berkshire Hills Bancorp, Inc. (NYSE: BHLB) is the parent company of Berkshire Bank, a relationship-driven, community-focused bank with $12.3 billion in assets and 83 financial centers in New England and New York. Berkshire is headquartered in Boston and offers commercial, retail, wealth, and private banking solutions.

Investor Relations Contact

Kevin Conn, Senior Managing Director, Investor Relations & Corporate Development
Email: KAConn@berkshirebank.com Tel: (617) 641-9206

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SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount for BHLB stock in Q1 2025?

Berkshire Hills Bancorp (BHLB) has declared a quarterly dividend of $0.18 per common share for Q1 2025.

When is the ex-dividend date for BHLB's Q1 2025 dividend?

Based on the record date of February 20, 2025, the ex-dividend date would be one business day before the record date.

What is the payment date for BHLB's latest quarterly dividend?

The quarterly dividend will be paid on March 6, 2025.

What is the record date for BHLB's Q1 2025 dividend?

The record date for BHLB's Q1 2025 dividend is February 20, 2025.

What is the annual dividend yield for BHLB based on the current quarterly payment?

The annual dividend would be $0.72 per share ($0.18 x 4 quarters), but the yield percentage would depend on the current stock price.