Provident Financial Holdings Announces Quarterly Cash Dividend

(Neutral)

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share. Shareholders holding common stock as of February 18, 2021 are entitled to this dividend, which will be payable on March 11, 2021. This significant move reflects the company's confidence in its financial stability and aims to reward its shareholders.

Positive

Quarterly cash dividend of $0.14 per share declared.
Demonstrates company confidence in financial stability.

Negative

None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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01/28/2021 - 06:47 PM

RIVERSIDE, Calif., Jan. 28, 2021 (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 February 18, 2021 will be entitled to receive the cash dividend. The cash dividend will be payable on March 11, 2021.

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, 2020.

Contacts:

Craig G. Blunden
Chairman and
Chief Executive Officer

Donavon P. Ternes
President, Chief Operating Officer
and Chief Financial Officer

(951) 686-6060

FAQ

What is the dividend amount announced by Provident Financial Holdings?

Provident Financial Holdings announced a quarterly cash dividend of $0.14 per share.

When will the dividend be payable?

The dividend will be payable on March 11, 2021.

Who is eligible to receive the dividend?

Shareholders of common stock as of February 18, 2021, are entitled to receive the dividend.

What is the stock symbol for Provident Financial Holdings?

The stock symbol for Provident Financial Holdings is PROV.