S&T BANCORP, INC. DECLARES DIVIDEND

On April 26, 2023, S&T Bancorp (NASDAQ: STBA) announced a cash dividend of $0.32 per share, marking a 6.7% increase from the prior year's dividend of $0.30.

Rhea-AI Summary

On April 26, 2023, S&T Bancorp (NASDAQ: STBA) announced a cash dividend of $0.32 per share, marking a 6.7% increase from the prior year's dividend of $0.30. This dividend is based on the closing price of $26.62 on April 25, 2023, yielding 4.8% annually. The dividend is payable on May 25, 2023 to shareholders recorded as of May 11, 2023.

S&T Bancorp, a $9.2 billion bank holding company headquartered in Indiana, Pennsylvania, operates primarily through its subsidiary, S&T Bank, which has been recognized by Forbes as a 2022 Best-in-State Bank.

Positive

• Declared a cash dividend of $0.32 per share, an increase from $0.30.
• Annualized yield of 4.8% based on previous closing price.
• Reflects company confidence in financial stability.

Negative

• None.

News Market Reaction – STBA

+0.19%

+0.19% Session move

In the trading session that priced this news, STBA gained 0.19%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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INDIANA, Pa., April 26, 2023 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.32 per share cash dividend on April 26, 2023. This is an increase of $0.02, or 6.7 percent, compared to a cash dividend of $0.30 in the same period in the prior year. The annualized yield using the April 25, 2023 closing price of $26.62 is 4.8 percent. The dividend is payable May 25, 2023 to shareholders of record on May 11, 2023.

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 established in 1902 and operates in Pennsylvania and Ohio. S&T Bank was named by Forbes as a 2022 Best-in-State Bank. 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) in 2023?

S&T Bancorp declared a cash dividend of $0.32 per share in 2023.

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

The dividend is payable on May 25, 2023.

What is the annualized yield of the dividend declared by S&T Bancorp (STBA)?

The annualized yield is 4.8% based on the April 25, 2023 closing price.

What is the increase in S&T Bancorp's (STBA) dividend compared to the previous year?

The dividend increased by $0.02, or 6.7%, compared to the previous year.