S&T Bancorp Increases Quarterly Cash Dividend From $0.33 To $0.34 Per Share
Portfolio Pulse from Benzinga Newsdesk
S&T Bancorp has announced an increase in its quarterly cash dividend from $0.33 to $0.34 per share, representing a 3.03% rise. The dividend will be payable on November 21, 2024, to shareholders of record on November 7, 2024. The annualized yield is 3.51% based on the closing price of $38.75.
October 23, 2024 | 9:08 pm
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POSITIVE IMPACT
S&T Bancorp has increased its quarterly dividend by 3.03% to $0.34 per share, enhancing its attractiveness to income-focused investors. The annualized yield is now 3.51%.
The increase in the dividend signals financial strength and a commitment to returning value to shareholders, which is likely to attract income-focused investors and potentially support the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100