Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) has declared a quarterly cash dividend of $0.12 per common share, payable to shareholders on May 26, 2022, with a record date of May 12, 2022. This decision reflects the company's commitment to return value to its investors. Berkshire Bank, the parent company, manages approximately $12.1 billion in assets and operates 105 branches across New England and New York, focusing on socially responsible banking services.

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• Declared a quarterly cash dividend of $0.12 per share, demonstrating commitment to shareholder returns.
• Operates in a stable financial position with approximately $12.1 billion in assets.

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• None.

BOSTON, April 29, 2022 /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 May 12, 2022, payable on May 26, 2022.

ABOUT BERKSHIRE HILLS BANCORP

Berkshire Hills Bancorp is the parent of Berkshire Bank, which is transforming what it means to bank its neighbors socially, humanly, and digitally to empower the financial potential of people, families, and businesses in its communities as it pursues its vision of being a leading socially responsible omni-channel community bank in New England and beyond. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $12.1 billion in assets and operates 105 branch offices in New England and New York, and is a member of the Bloomberg Gender-Equality Index. To learn more, call 800-773-5601 or follow us on Facebook, Twitter, Instagram, and LinkedIn.

Investor Relations Contacts

Kevin Conn, SVP, Investor Relations & Corporate Development
Email: KAConn@berkshirebank.com Tel: (617) 641-9206

David Gonci, Capital Markets Director
Email: dgonci@berkshirebank.com Tel: (413) 281-1973

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SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount announced by Berkshire Hills Bancorp?

Berkshire Hills Bancorp announced a quarterly cash dividend of $0.12 per common share.

When is the record date for the dividend?

The record date for the dividend is May 12, 2022.

When will the dividend be paid out?

The dividend will be payable on May 26, 2022.

What are the key financial assets of Berkshire Hills Bancorp?

Berkshire Hills Bancorp has approximately $12.1 billion in assets.