S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp declared a cash dividend of $0.28 per share during their meeting on October 19, 2020, consistent with the same dividend declared in the prior year. This equates to an annualized yield of 5.6% based on the closing price of $19.90 on the declaration date. The dividend will be payable on November 19, 2020 to shareholders of record as of November 5, 2020.

Positive

• Cash dividend of $0.28 per share declared.
• Annualized yield of 5.6% based on current closing price.

Negative

• None.

News Market Reaction – STBA

+3.27%

1 alert

+3.27% News Effect

On the day this news was published, STBA gained 3.27%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., Oct. 20, 2020 /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 October 19, 2020. 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 October 19, 2020 closing price of $19.90 is 5.6 percent. The dividend is payable November 19, 2020 to shareholders of record on November 5, 2020.

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 recently ranked #1 in customer satisfaction with retail banking in the Mid-Atlantic including best in communication and advice by J.D. Power. Established in 1902, S&T Bank 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?

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

When will the dividend for STBA be paid?

The dividend will be payable on November 19, 2020.

What is the yield of the dividend declared by STBA?

The annualized yield is 5.6% based on the October 19, 2020 closing price of $19.90.

What is the record date for the dividend payment from S&T Bancorp?

The record date for the dividend payment is November 5, 2020.