S&T BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

S&T Bancorp, Inc. (NASDAQ: STBA) declared a $0.30 cash dividend per share on April 18, 2022, marking a 3.4% increase from the previous quarter's $0.29 dividend. This represents a 7.1% rise compared to the same period last year. The annualized yield, based on the April 18, 2022 closing price of $28.07, is 4.3%. The dividend is payable on May 19, 2022, to shareholders of record on May 5, 2022.

Positive

• Dividend increased by $0.01 per share, reflecting strong financial performance.
• Annualized dividend yield of 4.3% indicating attractive returns for shareholders.

Negative

• None.

News Market Reaction – STBA

+3.06%

+3.06% Session move

In the trading session that priced this news, STBA gained 3.06%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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INDIANA, Pa., April 19, 2022 /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 $0.30 per share cash dividend at its regular meeting held April 18, 2022. This is an increase of $0.01, or 3.4 percent, compared to a common stock dividend of $0.29 per share declared in the prior quarter and a $0.02, or 7.1 percent, increase compared to the same period in the prior year. The annualized yield using the April 18, 2022 closing price of $28.07 is 4.3 percent. The dividend is payable May 19, 2022 to shareholders of record on May 5, 2022.

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 established in 1902 and operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. S&T Bank recently received the highest ranking in customer satisfaction for retail banking in the Pennsylvania region by J.D. Power.  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 on April 18, 2022?

S&T Bancorp declared a cash dividend of $0.30 per share.

When is the dividend payable to shareholders?

The dividend is payable on May 19, 2022, to shareholders of record on May 5, 2022.

How much was the dividend increased compared to the previous quarter?

The dividend was increased by $0.01, or 3.4%, compared to the previous quarter.

What is the annualized yield of the dividend based on the April 18, 2022, closing price?

The annualized yield is 4.3%, based on the closing price of $28.07.