Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

Sterling Bancorp (NYSE: STL) has declared a quarterly cash dividend of $0.07 per share.

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Rhea-AI Summary

Sterling Bancorp (NYSE: STL) has declared a quarterly cash dividend of $0.07 per share. The dividend will be paid on November 16, 2020 to shareholders of record as of November 2, 2020. This announcement highlights the company's commitment to returning value to its shareholders while providing various banking products and services through Sterling National Bank.

Positive

Quarterly cash dividend of $0.07 per share announced.
Dividend payment date set for November 16, 2020.

Negative

None.

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News Market Reaction – STL

The recorded move for STL in the trading session of this news was +8.94%.

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10/21/2020 - 04:05 PM

PEARL RIVER, N.Y., Oct. 21, 2020 (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 $0.07 per share. The dividend is payable November 16, 2020 to holders of record as of November 2, 2020.

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

FAQ

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What is the dividend amount declared by Sterling Bancorp for Q4 2020?

Sterling Bancorp declared a dividend of $0.07 per share for Q4 2020.

When will the dividend be paid to shareholders?

The dividend will be paid on November 16, 2020.

What is the record date for the dividend payment?

The record date for the dividend payment is November 2, 2020.

How often does Sterling Bancorp pay dividends?

Sterling Bancorp pays dividends quarterly.

Is the dividend from Sterling Bancorp sustainable?

The sustainability of the dividend will depend on the company's overall financial performance and cash flow.

Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share