Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share
Rhea-AI Summary
Sterling Bancorp (NYSE: STL) declared a quarterly cash dividend of $0.07 per share, payable on May 14, 2021, to shareholders of record as of April 30, 2021. This move indicates the company's commitment to providing returns to its shareholders amidst its operations in commercial and consumer banking. Sterling National Bank, the principal subsidiary, focuses on delivering tailored banking solutions to businesses and consumers in its communities.
Positive
- Quarterly cash dividend of $0.07 per share indicates shareholder returns.
Negative
- None.
News Market Reaction – STL
In the trading session that priced this news, STL gained 3.32%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PEARL RIVER, N.Y., April 19, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of
About Sterling Bancorp
Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com.
STERLING BANCORP CONTACT:
Emlen Harmon, SVP – Director of Investor Relations
212.309.7646
Sterling Bancorp
Two Blue Hill Plaza, Second Floor
Pearl River, NY 10965
T 845.369.8040
F 845.369.8255
http://www.sterlingbancorp.com