S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp, Inc. (NASDAQ: STBA) declared a cash dividend of $0.28 per share during its meeting on July 19, 2021. This dividend matches the amount declared in the same period last year. With the closing price of $28.91 on July 19, 2021, the annualized yield is 3.9%. Shareholders of record as of August 5, 2021 will receive the dividend on August 19, 2021.

Positive

• Cash dividend of $0.28 declared, maintaining last year's level.
• Annualized yield at 3.9% based on July 19 closing price.

Negative

• None.

News Market Reaction

+2.32%

1 alert

+2.32% News Effect

On the day this news was published, STBA gained 2.32%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., July 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 July 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 July 19, 2021 closing price of $28.91 is 3.9 percent. The dividend is payable August 19, 2021 to shareholders of record on August 5, 2021.

About S&T Bancorp, Inc. and S&T Bank
S&T Bancorp, Inc. is a $9.3 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 S&T Bancorp in July 2021?

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

When is the dividend payable for S&T Bancorp's July 2021 declaration?

The dividend is payable on August 19, 2021.

What is the annualized yield based on the recent dividend declaration?

The annualized yield is 3.9% based on the July 19, 2021 closing price.

Who are the shareholders of record for the July 2021 dividend?

Shareholders of record as of August 5, 2021 will receive the dividend.