Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) has announced a quarterly cash dividend of $0.18 per common share. The dividend will be paid on October 10, 2024, to shareholders of record at the close of business on September 30, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders and reflects its current financial stability. The consistent dividend payout may be viewed positively by income-focused investors, potentially supporting the stock's appeal in the market.

Positive

• Consistent dividend payout of $0.18 per common share
• Maintaining shareholder returns despite economic uncertainties

Negative

• None.

News Market Reaction

+0.15%

1 alert

+0.15% News Effect

On the day this news was published, BHLB gained 0.15%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOSTON, Sept. 17, 2024 /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 September 30, 2024, payable on October 10, 2024. 

About Berkshire Hills Bancorp

Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank. With $12.2 billion in assets and 91 branches in New England and New York, the Bank provides Commercial Banking, Retail Banking, Consumer Lending, Private Banking and Wealth Management services. Access more information about Berkshire Hills Bancorp at ir.berkshirebank.com.

Investor Relations Contact

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-302250244.html

SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount for Berkshire Hills Bancorp (BHLB) for Q4 2024?

Berkshire Hills Bancorp (BHLB) has declared a quarterly cash dividend of $0.18 per common share for Q4 2024.

When is the ex-dividend date for Berkshire Hills Bancorp's (BHLB) Q4 2024 dividend?

The press release doesn't specify the ex-dividend date. Typically, it's one business day before the record date, which is September 30, 2024.

What is the payment date for Berkshire Hills Bancorp's (BHLB) latest dividend?

The payment date for Berkshire Hills Bancorp's (BHLB) latest dividend is October 10, 2024.

Has Berkshire Hills Bancorp (BHLB) changed its dividend amount compared to previous quarters?

The press release doesn't provide information about previous dividends. To determine if there's a change, you'd need to compare with earlier announcements.