Sterling Bancorp Declares Quarterly Dividend on Preferred Stock
Sterling Bancorp (NYSE: STL) announced a quarterly cash dividend of $16.25 per share on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA).
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 $16.25 per share on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). This dividend is set to be paid on January 15, 2021, to shareholders on record as of December 31, 2020. The announcement emphasizes Sterling's ongoing commitment to returning value to its shareholders while providing a range of banking services to the communities it serves through experienced relationship managers.
Positive
- Quarterly cash dividend of $16.25 per share reinforces shareholder value.
- Demonstrates ongoing commitment to returning profits to shareholders.
Negative
- None.
Details
News Market Reaction – STL
The recorded move for STL in the trading session of this news was +2.57%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PEARL RIVER, N.Y., Dec. 14, 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
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.