S&T Bancorp Inc. Declares Dividend

S&T Bancorp, Inc. (NASDAQ: STBA), the holding company for S&T Bank, has declared a cash dividend of $0.33 per share.

(Neutral)

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

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.

Argus Session date unavailable

+2.87% session move Open Argus

Details

News Market Reaction – STBA

The recorded move for STBA in the trading session of this news was +2.87%.

Data tracked by StockTitan Argus. Session date unavailable.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

07/24/2024 - 04:00 PM

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.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-declares-dividend-302205780.html

SOURCE S&T Bancorp, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

Keep reading

S&T Bancorp Inc. Declares Dividend