Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) announced a quarterly cash dividend of $0.12 per common share, which will be distributed to shareholders of record on December 17, 2020. The dividend is scheduled for payment on December 29, 2020. Berkshire Hills Bancorp operates through Berkshire Bank, serving the underbanked and emphasizing a corporate responsibility culture. The company is headquartered in Boston and manages approximately $12.6 billion in assets across seven Northeastern states.

Positive

• Dividend of $0.12 per share approved, enhancing income for shareholders.
• Company's focus on community banking may drive future growth.

Negative

• None.

BOSTON, Nov. 30, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.12 per common share to shareholders of record at the close of business on December 17, 2020, payable on December 29, 2020. 

ABOUT BERKSHIRE HILLS BANCORP

Berkshire Hills Bancorp is the parent of Berkshire Bank which is transforming into a 21^st century community bank pursuing purpose driven performance based on its Be FIRST corporate responsibility culture.  Headquartered in Boston, Berkshire operates in seven Northeastern states, with approximately $12.6 billion in assets. Berkshire Bank serves the underbanked through the Reevx Labs^TM platform.

CONTACT

Investor Relations Contact

David Gonci; Capital Markets Director; 413-281-1973

View original content to download multimedia:http://www.prnewswire.com/news-releases/berkshire-hills-announces-quarterly-shareholder-dividend-301181861.html

SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount announced by BHLB?

BHLB announced a cash dividend of $0.12 per share.

When will the BHLB dividend be paid?

The dividend will be payable on December 29, 2020.

Who will receive the BHLB dividend?

Shareholders of record at the close of business on December 17, 2020, will receive the dividend.

How often does BHLB pay dividends?

BHLB typically pays dividends quarterly.