S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp declared a $0.28 per share cash dividend, consistent with the previous year's distribution. This dividend offers an annualized yield of 4.0% based on the January 25, 2021 closing price of $28.01. The dividend is payable on February 25, 2021 to shareholders of record as of February 11, 2021, indicating a stable return for investors.

S&T Bancorp, a $9.2 billion bank holding company, operates primarily within Pennsylvania and surrounding regions.

Positive

• Declared a consistent cash dividend of $0.28 per share.
• Annualized yield of 4.0%, appealing for shareholder income.
• Demonstrates stability and commitment to returning value to shareholders.

Negative

• None.

News Market Reaction

-0.79%

1 alert

-0.79% News Effect

On the day this news was published, STBA declined 0.79%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., Jan. 26, 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 January 25, 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 January 25, 2021 closing price of $28.01 is 4.0 percent. The dividend is payable February 25, 2021 to shareholders of record on February 11, 2021.

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

S&T Bancorp, Inc. is a $9.2 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 (STBA)?

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

When is the dividend for S&T Bancorp (STBA) payable?

The dividend is payable on February 25, 2021.

What is the annualized yield of S&T Bancorp's (STBA) dividend?

The annualized yield is 4.0% based on the January 25, 2021 closing price.

Who are the shareholders eligible for the S&T Bancorp (STBA) dividend?

Shareholders of record as of February 11, 2021 are eligible for the dividend.