Berkshire Hills Announces Quarterly Shareholder Dividend

Rhea-AI Summary

Berkshire Hills Bancorp (NYSE: BHLB) has approved a quarterly cash dividend of $0.12 per common share for shareholders on record by August 11, 2022. The dividend will be payable on August 25, 2022. This move underscores the company's commitment to returning value to its shareholders while reflecting its financial health amidst its substantial asset base of approximately $11.6 billion. Berkshire Bank aims to be a leading socially responsible community bank serving New England and Upstate New York.

Positive

• Quarterly cash dividend of $0.12 per share approved.
• Shareholders will receive dividends on August 25, enhancing shareholder value.
• Company maintains a solid asset base of approximately $11.6 billion.

Negative

• None.

BOSTON, July 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 August 11, 2022, payable on August 25, 2022. 

ABOUT BERKSHIRE HILLS BANCORP 

Berkshire Hills Bancorp is the parent of Berkshire Bank. The Bank's goal is to be a high-performing, leading socially responsible community bank in New England, Upstate New York, and beyond. Berkshire Bank provides business and consumer banking, mortgage, wealth management, and investment services. Headquartered in Boston, Berkshire has approximately $11.6 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 for BHLB announced on July 29, 2022?

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

When will the dividend for BHLB be paid?

The dividend for BHLB will be payable on August 25, 2022.

What is the record date for the BHLB dividend?

The record date for the BHLB dividend is August 11, 2022.

How does the dividend impact BHLB shareholders?

The approved dividend enhances shareholder value, providing a cash return to investors.