NBT Bancorp Inc. Increases Quarterly Cash Dividend From $0.30/Share To $0.32/Share
Portfolio Pulse from Happy Mohamed
NBT Bancorp Inc. has approved a third-quarter 2023 cash dividend of $0.32 per share, a 6.7% increase from the previous quarter. This marks the company's eleventh consecutive year of annual dividend increases. The dividend will be paid on September 15, 2023 to shareholders of record on September 1, 2023.
August 14, 2023 | 1:28 pm
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NBT Bancorp Inc. has increased its Q3 2023 cash dividend by 6.7% to $0.32 per share. This is the company's 11th consecutive year of annual dividend increases.
The increase in dividend is a positive signal to investors as it indicates the company's strong financial health and commitment to returning capital to shareholders. This could potentially lead to an increase in the stock price in the short term.
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