S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp has announced a cash dividend of $0.29 per share, marking a 3.6% increase from last year's $0.28. The annualized yield based on the January 24, 2022 closing price of $32.74 is 3.5%. This dividend will be paid on February 24, 2022 to shareholders on record by February 10, 2022. S&T Bancorp, headquartered in Indiana, Pennsylvania, operates across several markets and is valued at $9.4 billion.

Positive

• Declared a cash dividend of $0.29 per share, up 3.6% from last year.
• Annualized yield of 3.5% based on January 24, 2022 closing price.

Negative

• None.

News Market Reaction – STBA

+0.43%

1 alert

+0.43% News Effect

On the day this news was published, STBA gained 0.43%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., Jan. 25, 2022 /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 January 24, 2022. 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 January 24, 2022 closing price of $32.74 is 3.5 percent. The dividend is payable February 24, 2022 to shareholders of record on February 10, 2022.

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

S&T Bancorp, Inc. is a $9.4 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 dividend amount declared by STBA?

The dividend amount declared by STBA is $0.29 per share.

When will STBA's dividend be paid?

The dividend will be paid on February 24, 2022.

What is the percentage increase of the dividend for STBA?

The dividend has increased by 3.6% compared to last year.

What is the annualized yield for STBA's dividend?

The annualized yield is 3.5% based on the closing price of $32.74 on January 24, 2022.