Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share
Sterling Bancorp (NYSE: STL) announced a quarterly cash dividend of $0.07 per share, payable on August 16, 2021, to shareholders of record as of August 2, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Sterling Bancorp (NYSE: STL) announced a quarterly cash dividend of $0.07 per share, payable on August 16, 2021, to shareholders of record as of August 2, 2021. This decision reflects the company's ongoing commitment to returning value to shareholders. Sterling Bancorp, through its principal subsidiary Sterling National Bank, provides a full range of banking services to businesses and consumers.
Positive
- Quarterly cash dividend of $0.07 per share increases shareholder income.
- Dividend payment date of August 16, 2021, reinforces company’s commitment to shareholders.
Negative
- None.
Details
News Market Reaction – STL
The recorded move for STL in the trading session of this news was -1.52%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PEARL RIVER, N.Y., July 21, 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
FAQ
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