S&T Bancorp, Inc. Announces Increased Quarterly Dividend

Rhea-AI Summary

S&T Bancorp, Inc. (NASDAQ: STBA) has declared a cash dividend of $0.29 per share, a 3.6% increase from last year's $0.28. The dividend will be payable on November 18, 2021, to shareholders on record by November 4, 2021. Based on the October 18 closing price of $30.34, this results in an annualized yield of 3.8%. This decision reflects the company's ongoing commitment to returning value to shareholders while demonstrating financial stability in its five operational markets.

Positive

• Dividend increase from $0.28 to $0.29 per share, reflecting 3.6% growth.
• Annualized yield of 3.8% based on closing price.
• Demonstrates commitment to shareholder returns and financial stability.

Negative

• None.

News Market Reaction – STBA

+0.69%

+0.69% Session move

In the trading session that priced this news, STBA gained 0.69%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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INDIANA, Pa., Oct. 19, 2021 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York, declared a $0.29 per share cash dividend at its regular meeting held October 18, 2021. This is an increase of 3.6 percent compared to a common stock dividend of $0.28 per share declared in the same period in the prior year. The annualized yield using the October 18, 2021 closing price of $30.34 is 3.8 percent. The dividend is payable November 18, 2021 to shareholders of record on November 4, 2021.

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.5 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 five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. 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 amount of S&T Bancorp's latest dividend?

S&T Bancorp has declared a cash dividend of $0.29 per share.

When will S&T Bancorp's dividend be paid?

The dividend is payable on November 18, 2021.

What is the record date for S&T Bancorp's dividend?

The record date for the dividend is November 4, 2021.

What is the annualized yield of the current dividend?

The annualized yield based on the October 18 closing price is 3.8%.

How does the latest dividend compare to last year?

The latest dividend of $0.29 represents a 3.6% increase from the previous year's dividend of $0.28.