S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

S&T Bancorp (NASDAQ: STBA) has announced its board of directors approved a $0.34 per share cash dividend on January 29, 2025. This represents a 3.03% increase from the $0.33 dividend paid in the same period last year. Based on the January 28, 2025 closing price of $38.16, the dividend yields an annualized return of 3.56%. Shareholders of record as of February 13, 2025, will receive the dividend payment on February 27, 2025.

Positive

• Dividend increased by 3.03% year-over-year
• Current annualized dividend yield of 3.56%
• Demonstrates company's commitment to shareholder returns

Negative

• None.

INDIANA, Pa., Jan. 29, 2025 /PRNewswire/ -- The board of directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.34 per share cash dividend on January 29, 2025. This is an increase of $0.01, or 3.03 percent, compared to a cash dividend of $0.33 in the same period in the prior year. The annualized yield using the January 28, 2025, closing price of $38.16 is 3.56 percent. The dividend is payable February 27, 2025, to shareholders of record on February 13, 2025.

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 S&T Bancorp's new dividend amount for Q1 2025?

S&T Bancorp's new dividend amount is $0.34 per share, approved on January 29, 2025.

When is STBA's next dividend payment date?

STBA's dividend will be paid on February 27, 2025, to shareholders of record as of February 13, 2025.

How much did STBA increase its dividend compared to last year?

STBA increased its dividend by $0.01 per share, or 3.03%, compared to $0.33 in the same period last year.

What is S&T Bancorp's current dividend yield based on recent stock price?

Based on the January 28, 2025 closing price of $38.16, STBA's annualized dividend yield is 3.56%.