SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Declares Quarterly Dividend
SVB&T Corporation (OTCQX:SVBT) declared a quarterly dividend of $0.26 per share, payable on January 15, 2021, to shareholders of record by December 15, 2020.
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Rhea-AI Summary
SVB&T Corporation (OTCQX:SVBT) declared a quarterly dividend of $0.26 per share, payable on January 15, 2021, to shareholders of record by December 15, 2020. This represents a 4.00% annualized increase compared to the total dividend paid for the 2019 fiscal year. The decision reflects the company’s commitment to providing value to its shareholders amidst a challenging economic environment. SVB&T Corporation operates Springs Valley Bank & Trust Company, offering a variety of financial services in Indiana.
Positive
- Quarterly dividend increase of 4.00% over the previous fiscal year
- Demonstrates company confidence and commitment to shareholder returns
Negative
- Risks noted related to general and local banking conditions
- Potential impacts from competitive market factors and regulatory changes
Details
News Market Reaction – SVBT
The recorded move for SVBT in the trading session of this news was +0.14%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JASPER, IN / ACCESSWIRE / December 7, 2020 / SVB&T Corporation (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced that its Board of Directors declared a quarterly dividend of
The dividend declared is a
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For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.com.
SVB&T Corporation is headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Its subsidiary, Springs Valley Bank & Trust Company, has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications and a variety of other loan options. In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning and wealth management. Investment Services are also offered by a licensed, professional Springs Valley representative. More information can be found online at www.svbt.bank. The company's stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).
Information conveyed in this press release regarding SVB&T Corporation's and its subsidiaries' anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking, as well as mortgage conditions, competitive factors specific to markets in which the company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions, capital market conditions and/or other factors.
Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.
SOURCE: SVB&T Corporation
View source version on accesswire.com:
https://www.accesswire.com/619787/SVBT-Corporation-Parent-Company-of-Springs-Valley-Bank-Trust-Company-Declares-Quarterly-Dividend
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