Investar Holding Corporation Declares Cash Dividend

Rhea-AI Summary

Investar Holding Corporation (NASDAQ: ISTR) has declared a quarterly cash dividend of $0.06 per share, payable on July 31, 2020 to shareholders of record as of July 6, 2020. This marks the 27th quarterly dividend paid by the company, following an uninterrupted series of 11 quarterly dividends from its subsidiary, Investar Bank. As of March 31, 2020, Investar reported total assets of approximately $2.2 billion and operates 23 branches in Louisiana, 5 branches in Texas, and 2 branches in Alabama.

Positive

• Quarterly cash dividend of $0.06 per share enhances shareholder income.
• 27th consecutive quarterly dividend payment demonstrates financial stability.
• Total assets are approximately $2.2 billion, indicating strong asset base.

Negative

• None.

BATON ROUGE, La., June 24, 2020 (GLOBE NEWSWIRE) -- Investar Holding Corporation (the “Company”) (NASDAQ:ISTR), the holding company for Investar Bank, National Association, declared a quarterly cash dividend of $0.06 per share to holders of Investar Holding Corporation common stock. The dividend is payable on July 31, 2020 to shareholders of record as of July 6, 2020. This is the 27^th quarterly dividend paid by Investar Holding Corporation, which follows an uninterrupted 11 quarterly cash dividends paid by Investar Bank.

About Investar

Investar Holding Corporation, headquartered in Baton Rouge, Louisiana, provides full banking services, excluding trust services, through its wholly-owned banking subsidiary, Investar Bank, National Association (“Investar”). The Company had total assets of approximately $2.2 billion as of March 31, 2020. Investar currently operates 23 branches serving south Louisiana, 5 branches serving southeast Texas and 2 branches serving west Alabama.

Forward-Looking Statements

This press release may include forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions about our business that are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from those described in this press release. You should not rely on forward-looking statements as a prediction of future events. Additional information regarding factors that could cause actual results to differ materially from those discussed in any forward-looking statements are described in reports and registration statements we file with the SEC, including our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, copies of which are available on the Investar internet website http://www.InvestarBank.com.

We disclaim any obligation to update any forward-looking statements or any changes in events, conditions or circumstances upon which any forward-looking statement may be based except as required by law.

Contact:
Investar Holding Corporation
Chris Hufft
Chief Financial Officer
(225) 227-2215
Chris.Hufft@investarbank.com

FAQ

What is the dividend amount declared by Investar Holding Corporation?

Investar Holding Corporation declared a quarterly cash dividend of $0.06 per share.

When is the dividend for Investar Holding Corporation payable?

The dividend is payable on July 31, 2020.

What is the record date for the dividend payment of Investar Holding Corporation?

The record date for the dividend payment is July 6, 2020.

How many quarterly dividends has Investar paid in total?

Investar has paid a total of 27 quarterly dividends.

What are the total assets of Investar Holding Corporation?

Investar Holding Corporation has total assets of approximately $2.2 billion as of March 31, 2020.