Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings (NASDAQ: PROV) has announced a quarterly cash dividend of $0.14 per share. The dividend will be payable on September 5, 2024 to shareholders of record as of the close of business on August 15, 2024. This announcement demonstrates the company's commitment to returning value to shareholders and maintaining a consistent dividend policy.

Provident Financial Holdings is the holding company for Provident Savings Bank, F.S.B. The declaration of this dividend reflects the company's financial stability and confidence in its future prospects. Investors may view this as a positive sign of the company's ability to generate steady cash flow and maintain shareholder returns.

Positive

• Consistent quarterly dividend payment of $0.14 per share
• Demonstrates financial stability and ability to return value to shareholders
• Indicates confidence in the company's future cash flow generation

Negative

• None.

RIVERSIDE, Calif., July 25, 2024 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Company’s common stock at the close of business on August 15, 2024 will be entitled to receive the cash dividend. The cash dividend will be payable on September 5, 2024.

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2023.

Contacts:

Donavon P. Ternes
President and 
Chief Executive Officer 

Tam B. Nguyen
Senior Vice President and
Chief Financial Officer

(951) 686-6060

FAQ

What is the amount of Provident Financial Holdings' (PROV) quarterly dividend?

Provident Financial Holdings (PROV) has declared a quarterly cash dividend of $0.14 per share.

When is the ex-dividend date for Provident Financial Holdings' (PROV) latest dividend?

The ex-dividend date is not specified in the press release. Typically, it would be one business day before the record date, which is August 15, 2024.

What is the record date for Provident Financial Holdings' (PROV) Q3 2024 dividend?

The record date for Provident Financial Holdings' (PROV) dividend is August 15, 2024. Shareholders of record at the close of business on this date will be entitled to receive the dividend.

When will Provident Financial Holdings (PROV) pay its latest quarterly dividend?

Provident Financial Holdings (PROV) will pay its quarterly cash dividend on September 5, 2024.