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S&T Bancorp, Inc. Increases Quarterly Cash Dividend

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S&T Bancorp (NASDAQ: STBA) has announced an increase in its quarterly cash dividend to $0.34 per share, representing a 3.03% increase from the previous year's $0.33 per share. Based on the October 22, 2024 closing price of $38.75, this translates to an annualized yield of 3.51%. The dividend will be payable on November 21, 2024, to shareholders of record as of November 7, 2024.

S&T Bancorp (NASDAQ: STBA) ha annunciato un aumento del suo dividendo in contante trimestrale a 0,34 $ per azione, rappresentando un incremento del 3,03% rispetto allo scorso anno, quando era di 0,33 $ per azione. Basato sul prezzo di chiusura del 22 ottobre 2024 di 38,75 $, questo si traduce in un rendimento annualizzato del 3,51%. Il dividendo sarà pagabile il 21 novembre 2024 agli azionisti registrati al 7 novembre 2024.

S&T Bancorp (NASDAQ: STBA) ha anunciado un aumento en su dividendo en efectivo trimestral a $0.34 por acción, lo que representa un incremento del 3.03% con respecto al año pasado, cuando fue de $0.33 por acción. Basado en el precio de cierre del 22 de octubre de 2024 de $38.75, esto se traduce en un rendimiento anualizado del 3.51%. El dividendo será pagadero el 21 de noviembre de 2024 a los accionistas que estén registrados hasta el 7 de noviembre de 2024.

S&T Bancorp (NASDAQ: STBA)는 분기 현금 배당금을 주당 $0.34로 인상했다고 발표했습니다. 이는 지난해의 주당 $0.33에서 3.03% 증가한 것입니다. 2024년 10월 22일의 종가인 $38.75를 기준으로 할 때, 이는 연간 수익률이 3.51%에 해당합니다. 배당금은 2024년 11월 21일에 지급되며, 2024년 11월 7일 기준 주주에게 지급됩니다.

S&T Bancorp (NASDAQ: STBA) a annoncé une augmentation de son dividende trimestriel en espèces à 0,34 $ par action, représentant une hausse de 3,03 % par rapport à l'année précédente, où il était de 0,33 $ par action. Sur la base du prix de clôture du 22 octobre 2024 de 38,75 $, cela équivaut à un rendement annualisé de 3,51 %. Le dividende sera payable le 21 novembre 2024 aux actionnaires inscrits au 7 novembre 2024.

S&T Bancorp (NASDAQ: STBA) hat eine Erhöhung seiner vierteljährlichen Bardividende auf 0,34 $ pro Aktie bekannt gegeben, was einem Anstieg von 3,03% gegenüber dem Vorjahr entspricht, als sie 0,33 $ pro Aktie betrug. Basierend auf dem Schlusskurs am 22. Oktober 2024 von 38,75 $ entspricht dies einer annualisierten Rendite von 3,51%. Die Dividende wird am 21. November 2024 an die zum 7. November 2024 registrierten Aktionäre ausgezahlt.

Positive
  • Dividend increased by 3.03% to $0.34 per share
  • Annualized yield of 3.51% based on current share price
  • Demonstrates company's financial stability and commitment to shareholder returns
Negative
  • None.

INDIANA, Pa., Oct. 23, 2024 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.34 per share cash dividend on October 23, 2024. This is an increase of $0.01, or 3.03 percent, compared to a cash dividend of $0.33 per share declared in the same period in the prior year. The annualized yield using the October 22, 2024, closing price of $38.75 is 3.51 percent. The dividend is payable November 21, 2024, to shareholders of record on November 7, 2024.

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

S&T Bancorp, Inc. is a $9.6 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. For more information visit stbancorp.com or stbank.com. Follow us on FacebookInstagram and LinkedIn.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-increases-quarterly-cash-dividend-302285087.html

SOURCE S&T Bancorp, Inc.

FAQ

What is S&T Bancorp's (STBA) new quarterly dividend amount for Q4 2024?

S&T Bancorp's new quarterly dividend is $0.34 per share, representing a $0.01 increase from the previous year.

When is S&T Bancorp's (STBA) next dividend payment date?

The dividend is payable on November 21, 2024, to shareholders of record as of November 7, 2024.

What is S&T Bancorp's (STBA) dividend yield based on current stock price?

Based on the October 22, 2024 closing price of $38.75, the annualized dividend yield is 3.51%.

How much did S&T Bancorp (STBA) increase its dividend compared to last year?

S&T Bancorp increased its dividend by $0.01 per share, or 3.03%, compared to the same period in the prior year.

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