Peapack-Gladstone Financial Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Peapack-Gladstone Financial Corporation (PGC) has declared a quarterly cash dividend of $0.05 per share, set to be paid on May 25, 2021, to shareholders recorded by May 11, 2021. As of December 31, 2020, the company reported total assets of $5.9 billion and assets under management of $8.8 billion. Established in 1921, Peapack-Gladstone Bank focuses on wealth management, commercial, and retail banking services, striving to provide exceptional client service.

Positive

• Quarterly cash dividend of $0.05 per share strengthens shareholder income.
• Total assets of $5.9 billion reflect financial stability.
• Assets under management of $8.8 billion indicate robust management capabilities.

Negative

• None.

News Market Reaction – PGC

-0.13%

1 alert

-0.13% News Effect

On the day this news was published, PGC declined 0.13%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BEDMINSTER, NJ, April 27, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market:PGC) announced on April 27, 2021 that its Board of Directors has declared a regular quarterly cash dividend of $0.05 per share on its common stock.  The dividend will be paid on May 25, 2021 to shareholders of record as of May 11, 2021.  

Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $5.9 billion and assets under management/administration of $8.8 billion as of December 31, 2020.  Founded in 1921, Peapack-Gladstone Bank is a commercial bank that provides innovative wealth management, commercial and retail solutions, including residential lending and online platforms, to businesses and consumers.  Peapack Private, the bank’s wealth management division, offers comprehensive financial, tax, fiduciary and investment advice and solutions, to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.

Contact: 

Jeffrey J. Carfora, Chief Financial Officer

Peapack-Gladstone Financial Corporation

T: 908-719-4308

FAQ

What is the dividend amount declared by PGC?

Peapack-Gladstone Financial Corporation declared a quarterly cash dividend of $0.05 per share.

When will the dividend be paid?

The dividend will be paid on May 25, 2021.

What is the record date for the dividend?

The record date for the dividend is May 11, 2021.

How much are PGC's total assets?

Peapack-Gladstone Financial Corporation has total assets of $5.9 billion as of December 31, 2020.

What services does Peapack-Gladstone Financial Corporation provide?

The corporation offers innovative wealth management, commercial, and retail banking solutions.