Berkshire Hills Announces Quarterly Shareholder Dividends

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) announced a quarterly cash dividend of $0.24 per common share for shareholders of record on June 29, 2020, payable on July 6, 2020. Additionally, a cash dividend of $0.48 per preferred share was approved for the same dates. Headquartered in Boston, the company manages approximately $13.2 billion in assets and operates 130 banking offices across seven Northeastern states. The bank focuses on community-driven performance and offers a range of financial services.

Positive

• Quarterly cash dividend of $0.24 per common share indicates financial stability.
• Quarterly cash dividend of $0.48 per preferred share enhances attractiveness for investors.

Negative

• None.

BOSTON, June 18, 2020 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its Board of Directors has approved a quarterly cash dividend of $0.24 per common share to shareholders of record at the close of business on June 29, 2020 payable on July 6, 2020. Effective for the same dates, the Board also approved a quarterly cash dividend on preferred stock of $0.48 per preferred share.

BACKGROUND

Headquartered in Boston, Berkshire Hills Bancorp is the parent of Berkshire Bank, with approximately $13.2 billion in assets and operating 130 banking offices in seven Northeastern states.  The Bank is transforming into a 21^st century community bank pursuing purpose driven performance based on its Be FIRST corporate responsibility culture.  It provides business and consumer banking, mortgage, wealth management, investment and insurance services.  Berkshire Bank was awarded the Top Corporate Steward Citizens award by the US Chamber of Commerce Foundation in 2019 for the small – middle market business category.    To learn more about the bank, visit www.berkshirebank.com, call 800- 773-5601 or follow us on: Facebook, Twitter, Instagram and, LinkedIn.

CONTACT
Investor Relations Contact
David Gonci; Capital Markets Director; 413-281-1973

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SOURCE Berkshire Hills Bancorp, Inc.

FAQ

What is the dividend amount for Berkshire Hills Bancorp in July 2020?

Berkshire Hills Bancorp has announced a dividend of $0.24 per common share and $0.48 per preferred share.

When will the Berkshire Hills Bancorp dividend be paid?

The dividend will be paid on July 6, 2020, to shareholders of record as of June 29, 2020.

How often does Berkshire Hills Bancorp pay dividends?

Berkshire Hills Bancorp pays dividends quarterly.

Is the dividend from Berkshire Hills Bancorp sustainable?

The announcement of a cash dividend reflects the company's commitment to returning value to shareholders, suggesting a sustainable financial position.

What is the significance of the dividend announcement for BHLB investors?

The dividend announcement underscores the company's financial stability and ongoing commitment to shareholder returns.