Sierra Bancorp Declares Quarterly Cash Dividend
Sierra Bancorp (Nasdaq: BSRR) has declared a quarterly cash dividend of $0.21 per share, payable on May 12, 2021 to shareholders on record as of April 29, 2021. This marks the 89th consecutive quarterly dividend since the company's inception in 1987. The decision reflects favorable financial performance following a review by the Board of Directors. Bank of the Sierra, the largest independent bank in South San Joaquin Valley, continues to thrive in its 44th year of operations.
- Quarterly cash dividend of $0.21 per share enhances shareholder income.
- 89th consecutive quarterly dividend demonstrates consistent performance.
- Recognition as a top-performing bank with a 5-star rating from Bauer Financial.
- Risks associated with maintaining dividend payments amid economic uncertainties.
- Potential impacts of loan deferrals related to the COVID-19 pandemic.
Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced that its Board of Directors has declared a regular quarterly cash dividend of
Sierra Bancorp is the holding company for Bank of the Sierra (www.bankofthesierra.com), which is in its 44th year of operations and is the largest independent bank headquartered in the South San Joaquin Valley. Bank of the Sierra is a community-centric regional bank, which offers a broad range of retail and commercial banking services through full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Los Angeles, Ventura, San Luis Obispo and Santa Barbara. The Bank also maintains an online branch and provides specialized lending services through an agricultural credit center, an SBA center, and a loan production office in Rocklin, California. In 2021, Bank of the Sierra was recognized as one of the strongest and top-performing community banks in the country with a 5-star rating from Bauer Financial.
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the Company’s ability to maintain dividend payments or increase dividend payouts to shareholders, the Company’s ability to generate adequate financial results, our borrowers' actual payment performance as loan deferrals related to the COVID-19 pandemic expire, changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to COVID-19, including the potential adverse impact of loan modifications and payment deferrals implemented consistent with recent regulatory guidance, the health of the national and local economies, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully deploy new technology, the success of acquisitions and branch expansion, closure or consolidation, changes in interest rates, loan portfolio performance, and other factors detailed in the Company's SEC filings, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Form 10‑K and Form 10‑Q.
Category: Financial
Source: Sierra Bancorp
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FAQ
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