Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share
Rhea-AI Summary
Sterling Bancorp (NYSE: STL) has declared a quarterly cash dividend of $0.07 per share, payable on November 15, 2021, to shareholders on record as of November 1, 2021. This announcement reflects the company’s ongoing commitment to returning value to its shareholders. Sterling Bancorp, the parent company of Sterling National Bank, focuses on providing banking solutions to business owners and consumers through dedicated relationship managers.
Positive
- Quarterly cash dividend of $0.07 per share announced.
- Dividend payment signifies company confidence in financial stability.
Negative
- None.
News Market Reaction – STL
In the trading session that priced this news, STL declined 2.16%, reflecting a moderate negative 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., Oct. 20, 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
Emlen Harmon, Senior Managing Director – 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
