S&T Bancorp, Inc. Increases Quarterly Cash Dividend

Rhea-AI Summary

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.

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

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.

News Market Reaction – STBA

+0.05%

+0.05% News Effect

On the day this news was published, STBA gained 0.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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 Facebook, Instagram and LinkedIn.

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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.