S&T Bancorp Inc. Declares Dividend

Rhea-AI Summary

S&T Bancorp, Inc. (NASDAQ: STBA), the holding company for S&T Bank, has declared a cash dividend of $0.33 per share. This represents a 3.13% increase from the previous year's dividend of $0.32. The dividend will be payable on August 22, 2024, to shareholders of record as of August 8, 2024. Based on the closing price of $42.80 on July 23, 2024, the annualized dividend yield is 3.08%. This decision, approved by the board of directors on July 24, 2024, demonstrates S&T Bancorp's commitment to delivering value to its shareholders.

Positive

• Dividend increased by 3.13% year-over-year
• Annualized dividend yield of 3.08% based on recent stock price

Negative

• None.

News Market Reaction

+2.87%

1 alert

+2.87% News Effect

On the day this news was published, STBA gained 2.87%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., July 24, 2024 /PRNewswire/ -- The board of directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.33 per share cash dividend on July 24, 2024. This is an increase of $0.01, or 3.13 percent, compared to a cash dividend of $0.32 in the same period in the prior year. The annualized yield using the July 23, 2024, closing price of $42.80 is 3.08 percent. The dividend is payable August 22, 2024, to shareholders of record on August 8, 2024.

About S&T Bancorp, Inc. and S&T Bank

S&T Bancorp, Inc. is a $9.6 billion bank holding company that is headquartered in Indiana, Pennsylvania and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

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SOURCE S&T Bancorp, Inc.

FAQ

What is the new dividend amount for S&T Bancorp (STBA)?

S&T Bancorp (STBA) has declared a cash dividend of $0.33 per share.

When is the dividend payable for S&T Bancorp (STBA)?

The dividend is payable on August 22, 2024, to shareholders of record on August 8, 2024.

How much has S&T Bancorp (STBA) increased its dividend compared to last year?

S&T Bancorp (STBA) has increased its dividend by $0.01 or 3.13% compared to the same period in the prior year.

What is the annualized dividend yield for S&T Bancorp (STBA) based on the July 23, 2024 closing price?

The annualized dividend yield for S&T Bancorp (STBA) is 3.08% based on the July 23, 2024 closing price of $42.80.