Sandy Spring Bancorp Declares Quarterly Dividend
Sandy Spring Bancorp (Nasdaq: SASR), the parent company of Sandy Spring Bank, has declared a quarterly dividend of $0.34 per share.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Sandy Spring Bancorp (Nasdaq: SASR), the parent company of Sandy Spring Bank, has declared a quarterly dividend of $0.34 per share. The dividend will be payable on August 21, 2024, to shareholders of record on August 14, 2024. This dividend announcement maintains consistency with both the previous linked quarter and the third quarter of 2023, demonstrating the company's commitment to providing regular returns to its shareholders. The stability in dividend payments may indicate Sandy Spring Bancorp's financial health and confidence in its ongoing performance.
Positive
- Consistent quarterly dividend of $0.34 per share maintained
- Dividend payout demonstrates financial stability
Negative
- None.
Details
News Market Reaction – SASR
The recorded move for SASR in the trading session of this news was -4.54%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OLNEY, Md., Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of
About Sandy Spring Bancorp, Inc./Sandy Spring Bank
Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 50 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of wealth management services.
For additional information or questions, please contact:
Daniel J. Schrider, Chair, President & Chief Executive Officer, or
Charles S. Cullum, Executive V.P. & Chief Financial Officer
Sandy Spring Bancorp
17801 Georgia Avenue
Olney, Maryland 20832
1-800-399-5919
E-mail: DSchrider@sandyspringbank.com
CCullum@sandyspringbank.com
Website: www.sandyspringbank.com
Media Contact:
Samantha Price, Vice President
301-260-3614
sprice@sandyspringbank.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.