PSB Holdings, Inc. announces semi-annual cash dividend of $0.32 per share

Rhea-AI Summary

PSB Holdings (OTCQX: PSBQ) has declared a semi-annual cash dividend of $0.32 per share, payable January 31, 2025, to shareholders of record as of January 10, 2025. This represents a 6.7% increase from the previous year's $0.30 per share dividend. The announcement marks the company's 60-year tradition of cash dividends, including 31 consecutive years of increased dividends. CEO Scott M. Cattanach expressed optimism about the company's improved financial performance since mid-year.

PSB Holdings is the parent company of Peoples State Bank, a community bank headquartered in Wausau, Wisconsin, operating twelve full-service locations across various Wisconsin counties and a loan production office in Dane county.

Positive

• 6.7% increase in semi-annual dividend from $0.30 to $0.32 per share
• 31 consecutive years of dividend increases
• Improved financial performance reported since mid-2024

Negative

• None.

WAUSAU, Wis., Dec. 18, 2024 (GLOBE NEWSWIRE) -- PSB Holdings, Inc. (OTCQX: PSBQ), parent company of Peoples State Bank, is pleased to announce that on December 17, 2024, its Board of Directors declared a regular semi-annual cash dividend of $0.32 per share of the Company’s common stock. The dividend is payable January 31, 2025 to shareholders of record as of January 10, 2025 and represents an increase of 6.7% over the $0.30 per share semi-annual cash dividend declared on December 19, 2023. The current dividend continues a 60-year tradition of cash dividends to PSB shareholders including 31 consecutive years of increased cash dividends declared per share.

PSB President and CEO Scott M. Cattanach said, “We remain optimistic in our improved financial performance since mid-year and are pleased to announce a $0.32 per share semi-annual cash dividend to holders of our common stock. We thank our shareholders for their support and look forward to strong performance in 2025.”

About PSB Holdings, Inc.

PSB Holdings, Inc. is the parent company of Peoples State Bank. Peoples is a community bank headquartered in Wausau, Wisconsin, serving northcentral and southeastern Wisconsin from twelve full-service banking locations in Marathon, Oneida, Vilas, Portage, Milwaukee and Waukesha counties and a loan production office in Dane county. Peoples also provides investment and insurance products, along with retirement planning services, through Peoples Wealth Management, a division of Peoples. PSB Holdings, Inc. is traded under the stock symbol PSBQ on the OTCQX Market. More information about PSB, its management, and its financial performance may be found at www.psbholdingsinc.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on current expectations, estimates and projections about PSB’s business based, in part, on assumptions made by management and include, without limitation, statements with respect to the potential growth of PSB, its future profits, expected stock repurchase levels, future dividend rates, future interest rates, and the adequacy of its capital position. Forward-looking statements can be affected by known and unknown risks, uncertainties, and other factors, including, but not limited to, strength of the economy, the effects of government policies, including interest rate policies, risks associated with the execution of PSB’s vision and growth strategy, including with respect to current and future M&A activity, and risks associated with global economic instability relating to the COVID-19 pandemic and its effect on PSB and Peoples, and their customers, and other risks. The forward-looking statements in this press release speak only as of the date on which they are made and PSB does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

Investor Relations Contact
PSB Holdings, Inc.
1905 Stewart Avenue
Wausau, WI 54401
888.929.9902
InvestorRelations@bankpeoples.com

FAQ

What is PSB Holdings' (PSBQ) latest dividend amount and payment date?

PSB Holdings declared a semi-annual cash dividend of $0.32 per share, payable on January 31, 2025, to shareholders of record as of January 10, 2025.

How much did PSBQ increase its dividend compared to last year?

PSBQ increased its semi-annual dividend by 6.7%, from $0.30 to $0.32 per share compared to December 2023.

How long has PSB Holdings (PSBQ) been paying dividends?

PSB Holdings has maintained a 60-year tradition of paying cash dividends, including 31 consecutive years of increased cash dividends.

What is the dividend record date for PSBQ's latest dividend?

The dividend record date is January 10, 2025.

How often does PSB Holdings (PSBQ) pay dividends?

PSB Holdings pays dividends semi-annually, twice per year.