Sterling Bancorp Declares Quarterly Dividend on Preferred Stock
Sterling Bancorp (NYSE: STL) has 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) has 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, amounting to $0.40625 per depositary share, will be payable on January 14, 2022 to shareholders of record as of December 30, 2021. The announcement reflects the company’s commitment to returning value to its shareholders.
Positive
- Declaration of a quarterly cash dividend of $16.25 per share, enhancing shareholder income.
- Continued confidence in the financial stability of Sterling Bancorp as indicated by the dividend payout.
Negative
- None.
Details
News Market Reaction – STL
The recorded move for STL in the trading session of this news was -3.87%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
PEARL RIVER, N.Y., Dec. 10, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that its 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, Senior Managing Director – Investor Relations |
| 212.309.7646 |
FAQ
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