Sandy Spring Bancorp Increases Quarterly Dividend
Sandy Spring Bancorp (Nasdaq: SASR) has announced a quarterly common stock dividend of $0.34 per share, marking a $0.02 increase from the previous quarter and the first quarter of 2021.
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) has announced a quarterly common stock dividend of $0.34 per share, marking a $0.02 increase from the previous quarter and the first quarter of 2021. This dividend will be payable on February 28, 2022 to shareholders of record as of February 18, 2022. The increase highlights the company's commitment to returning value to its shareholders while continuing to capitalize on growth opportunities within its regional banking operations.
Positive
- Dividend increased to $0.34 per share, enhancing shareholder value.
- First dividend increase compared to the previous quarter and year.
Negative
- None.
Details
News Market Reaction – SASR
The recorded move for SASR in the trading session of this news was -1.83%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
OLNEY, Md., Jan. 27, 2022 (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, Northern Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services.
For additional information or questions, please contact:
Daniel J. Schrider, President & Chief Executive Officer, or
Philip J. Mantua, Executive V.P. & Chief Financial Officer
Sandy Spring Bancorp
17801 Georgia Avenue
Olney, Maryland 20832
1-800-399-5919
E-mail: DSchrider@sandyspringbank.com
PMantua@sandyspringbank.com
Website: www.sandyspringbank.com
Media Contact:
Jen Schell
301-570-8331
jschell@sandyspringbank.com
FAQ
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