Preferred Bank Announces Dividend Increase
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Preferred Bank (NASDAQ: PFBC) has announced a 7.1% increase in its quarterly cash dividend, raising it from $0.70 to $0.75 per share. The dividend will be payable on January 23, 2025, to shareholders on record as of January 9, 2025.
December 26, 2024 | 9:15 pm
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Preferred Bank has increased its quarterly dividend by 7.1%, signaling financial strength and a commitment to returning value to shareholders.
The increase in the dividend suggests that Preferred Bank is performing well financially and is confident in its future cash flows. This is likely to be viewed positively by investors, potentially leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100