ACCESS Newswire
30 Apr 2021, 20:01 GMT+10
ROCKY MOUNT, NC / ACCESSWIRE / April 30, 2021 / Ted E. Whitehurst, President and CEO of PB Financial Corporation, the holding company for Providence Bank, announced today that the Board of Directors approved a quarterly cash dividend of $0.25 per share on common stock outstanding to shareholders of record at the close of business on May 12, 2021. The dividend is payable May 26, 2021. This is an increase of approximately 21.95% from the dividend paid during the 2nd quarter of 2020. This represents a $1.00 per share dividend on an annualized basis and a dividend yield of approximately 2.84% (based on closing price on April 29, 2021 of $35.25/share).
Whitehurst commented, 'This represents our 38th consecutive quarterly cash dividend. Our consistent financial performance has allowed us to increase our cash dividend each quarter since we began paying dividends in the 1st quarter of 2012. The consistent increase in our cash dividend continues to be an important part of our strategy to enhance shareholder value. We believe this strategy sets us apart from other community banks.'
Providence Bank is a state-chartered community bank headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina, with branches in Rocky Mount, Tarboro, Nashville, Wilson and Raleigh. As of March 31, 2021, PB Financial Corporation had total assets of $617.6 million, loans of $495.9 million and total deposits of $484.5 million.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as 'believes,' 'considers,' 'expects,' 'anticipates,' 'estimates,' 'intends,' 'plans,' 'targets,' 'projects,' 'would be,' and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarter ended March 31, 2021 as presented is unaudited.
For more information, contact:
Ted E. Whitehurst, President and CEO
252-467-2990; [email protected]
SOURCE: PB Financial Corporation
Get a daily dose of Detroit Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Detroit Star.
More InformationEVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
TORONTO, Canada: Harvard University and the University of Toronto have created a backup plan to ensure Harvard graduate students continue...
In his second term, President Donald Trump has not taken many actions that draw near-universal praise from across the political spectrum....
Detroit,[US], June 29 (ANI): Three birdies on the back nine helped Akshay Bhatia make the cut on the line at the Rocket Classic on...
The Democratic Republic of the Congo (DRC) and Rwanda signed a historic peace agreement in Washington on Friday to end years of armed...
The European Commission president has been under scrutiny over a multi-billion-dollar Covid-19 vaccine deal A group of lawmakers...
The European Commission president has been under scrutiny over a multi-billion-dollar Covid-19 vaccine deal A group of lawmakers...
New Delhi [India], June 26 (ANI): Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT),...