S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp (NASDAQ: STBA) declared a cash dividend of $0.28 per share during a meeting on April 19, 2021. This maintains the same dividend amount as the previous year. Based on the $32.82 closing price on April 19, the annualized yield stands at 3.4%. The dividend will be payable on May 20, 2021 to shareholders of record by May 6, 2021.

Positive

• Declared a consistent cash dividend of $0.28 per share, maintaining shareholder income.
• 3.4% annualized yield indicates a healthy return for investors.

Negative

• None.

News Market Reaction – STBA

-3.81%

1 alert

-3.81% News Effect

On the day this news was published, STBA declined 3.81%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., April 20, 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 $0.28 per share cash dividend at its regular meeting held April 19, 2021. This is comparable to a common stock dividend of $0.28 per share declared in the same period in the prior year. The annualized yield using the April 19, 2021 closing price of $32.82 is 3.4 percent. The dividend is payable May 20, 2021 to shareholders of record on May 6, 2021.

About S&T Bancorp, Inc. and S&T Bank:
S&T Bancorp, Inc. is a $9.0 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, Central 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?

S&T Bancorp declared a cash dividend of $0.28 per share.

When is the dividend payable for STBA?

The dividend is payable on May 20, 2021.

What is the record date for STBA's dividend?

The record date for the dividend is May 6, 2021.

What is the annualized yield for STBA's dividend?

The annualized yield is 3.4% based on the closing price of $32.82.