S&T BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

The Board of Directors of S&T Bancorp, Inc. has approved a $0.31 per share cash dividend, reflecting a 3.3% increase from the previous quarter's $0.30 dividend. This marks a 6.9% increase compared to the same period last year. The annualized yield based on the closing price of $32.08 on October 17, 2022, is 3.9%. The dividend is payable on November 17, 2022, to shareholders of record on November 3, 2022.

Positive

• Quarterly cash dividend increased to $0.31 per share.
• Dividend reflects a 3.3% increase from the previous quarter and a 6.9% increase year-over-year.
• Annualized yield of 3.9% based on the October 17 closing price.

Negative

• None.

News Market Reaction

+0.75%

1 alert

+0.75% News Effect

On the day this news was published, STBA gained 0.75%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

INDIANA, Pa., Oct. 18, 2022 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.31 per share cash dividend on October 17, 2022. This is an increase of $0.01, or 3.3 percent, compared to a cash dividend of $0.30 per shared declared in the prior quarter and a $0.02, or 6.9 percent, increase compared to the same period in the prior year. The annualized yield using the October 17, 2022 closing price of $32.08 is 3.9 percent. The dividend is payable November 17, 2022 to shareholders of record on November 3, 2022.

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

S&T Bancorp, Inc. is a $9.1 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, Ohio and New York. S&T Bank was recently named by Forbes as a 2022 Best-in-State Bank. S&T Bank also received the highest ranking in customer satisfaction for retail banking in the Pennsylvania region by J.D. Power in 2022. 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 for STBA announced on October 18, 2022?

S&T Bancorp announced a cash dividend of $0.31 per share.

When will the dividend for STBA be paid?

The dividend will be payable on November 17, 2022.

What was the increase in the STBA dividend compared to the previous quarter?

The dividend increased by 3.3% from $0.30 to $0.31 per share.

What is the annualized yield for STBA's dividend?

The annualized yield based on the closing price of $32.08 is 3.9%.

What is the record date for STBA's dividend?

The record date for the dividend is November 3, 2022.