USCB Financial Holdings, Inc. Increases Common Stock Dividend 100% to $0.10 Per Share

Rhea-AI Summary

USCB Financial Holdings (NASDAQ: USCB) has announced a significant increase in its quarterly cash dividend. The company's Board of Directors declared a regular quarterly dividend of $0.10 per share of Class A common stock, representing a 100% increase from the previous quarterly dividend of $0.05 per share.

The dividend will be payable on March 5, 2025, to shareholders of record as of the close of business on February 14, 2025. The company notes that future dividend payments will be subject to quarterly review and approval by the Board of Directors.

Positive

• 100% increase in quarterly dividend from $0.05 to $0.10 per share
• Demonstrates strong financial position and commitment to shareholder returns

Negative

• Future dividend payments are subject to quarterly review, indicating no guarantee of continued increased payments

MIAMI, Jan. 21, 2025 (GLOBE NEWSWIRE) -- USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank, announced today that its Board of Directors declared a regular quarterly cash dividend of $0.10 per share of Class A common stock, which represents an increase of $0.05, or 100.0%, per share compared with the previous quarterly dividend of $0.05 per share. The common stock dividend is payable on March 5, 2025, to shareholders of record as of the close of business on February 14, 2025. Future dividend payments are subject to quarterly review and approval by the Board of Directors.

About USCB Financial Holdings, Inc.
USCB Financial Holdings, Inc. is the bank holding company for U.S. Century Bank. Established in 2002, U.S. Century Bank is one of the largest community banks headquartered in Miami, and one of the largest community banks in the State of Florida. U.S. Century Bank is rated 5-Stars by BauerFinancial, the nation’s leading independent bank rating firm. U.S. Century Bank offers customers a wide range of financial products and services and supports numerous community organizations, including the Greater Miami Chamber of Commerce, the South Florida Hispanic Chamber of Commerce, and ChamberSouth. For more information or to find a U.S. Century Bank banking center near you, please call (305) 715-5200 or visit www.uscentury.com.

Contacts:

Investor Relations
InvestorRelations@uscentury.com
Martha Guerra-Kattou
(305) 715-5141
MGuerra@uscentury.com

FAQ

What is USCB's new quarterly dividend amount for 2025?

USCB Financial Holdings has increased its quarterly dividend to $0.10 per share of Class A common stock, effective for the March 2025 payment.

When is USCB's next dividend payment date in 2025?

USCB's next dividend payment is scheduled for March 5, 2025, with a record date of February 14, 2025.

How much did USCB increase its dividend in January 2025?

USCB increased its dividend by 100%, raising it from $0.05 to $0.10 per share.

What is the record date for USCB's increased dividend?

The record date for USCB's increased dividend is February 14, 2025.

How often does USCB review its dividend payments?

USCB's Board of Directors reviews and approves dividend payments on a quarterly basis.