Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) has declared a quarterly cash dividend of $0.18 per common share. Shareholders of record as of February 16, 2023 will receive the dividend, which is scheduled for payment on March 2, 2023. This announcement reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.18 per share announced.
• Demonstrates ongoing commitment to shareholder value.

Negative

• None.

News Market Reaction – BHLB

+1.62%

+1.62% Session move

In the trading session that priced this news, BHLB gained 1.62%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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BOSTON, Feb. 3, 2023 /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 16, 2023, payable on March 2, 2023.

ABOUT BERKSHIRE HILLS BANCORP

Headquartered in Boston, Berkshire Hills Bancorp (NYSE:BHLB) is the parent of Berkshire Bank. Founded in 1846, the Bank's vision is to serve as a high-performing leading socially responsible community bank. It empowers the financial potential of its stakeholders by making banking available where, when and how it's needed through an uncompromising focus on exceptional customer service, digital banking, and positive community impact. Providing a wide range of financial solutions through its consumer banking, commercial banking and wealth management divisions, the Bank has approximately $11.7 billion in assets and a community-based footprint of 100 financial centers in Massachusetts, New York, Vermont, Connecticut and Rhode Island. Named one of America's Most Trusted Companies 2022 by Newsweek, Berkshire is also listed in the Bloomberg Gender-Equality Index and a Best Place to Work for LGBTQ+ Equality. To learn more, follow us on Facebook, Twitter, Instagram, and LinkedIn. 

Investor Relations Contacts

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

David Gonci, Capital Markets Director
Email: dgonci@berkshirebank.com 
Tel: (413) 281-1973

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SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount declared by Berkshire Hills Bancorp?

Berkshire Hills Bancorp has declared a quarterly dividend of $0.18 per common share.

When is the dividend payment date for BHLB?

The dividend payment date for BHLB is March 2, 2023.

Who are the shareholders of record for the dividend?

Shareholders of record as of February 16, 2023, are eligible for the dividend.

How often does Berkshire Hills Bancorp pay dividends?

Berkshire Hills Bancorp pays dividends quarterly.

Is the dividend sustainable for BHLB?

The sustainability of the dividend will depend on the company's future earnings and financial performance.