Investar Holding Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Investar Holding Corporation (Nasdaq: ISTR) has declared a quarterly cash dividend of $0.08 per share, marking a 14% increase from the previous quarter. This dividend will be payable on July 31, 2021 to shareholders of record as of June 30, 2021. This represents the 31st quarterly dividend paid by the company, following an uninterrupted series of 11 quarterly dividends from Investar Bank. At March 31, 2021, Investar Bank had total assets of $2.4 billion.

Positive

• 14% increase in quarterly cash dividend from previous quarter
• 31st quarterly dividend paid, reflecting consistent shareholder returns
• Total assets of $2.4 billion indicating financial stability

Negative

• None.

BATON ROUGE, La., June 16, 2021 (GLOBE NEWSWIRE) -- Investar Holding Corporation (the “Company”) (Nasdaq:ISTR), the holding company of Investar Bank, National Association (the “Bank”), declared a quarterly cash dividend of $0.08 per share to holders of Investar Holding Corporation common stock. The dividend is payable on July 31, 2021 to shareholders of record as of June 30, 2021. This represents a 14% increase in the dividend per share compared to the prior quarter and is the 31^st quarterly dividend paid by Investar Holding Corporation, which follows an uninterrupted 11 quarterly cash dividends paid by Investar Bank.

About Investar Holding Corporation

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. The Bank currently operates 34 branch locations serving Louisiana, Texas, and Alabama. At March 31, 2021, the Bank had 319 full-time equivalent employees and total assets of $2.4 billion.

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 current dividend amount for Investar Holding Corporation (ISTR)?

The current dividend amount for Investar Holding Corporation is $0.08 per share.

When is the dividend for ISTR payable?

The dividend for ISTR is payable on July 31, 2021.

What is the record date for the upcoming dividend payment for ISTR?

The record date for the upcoming dividend payment for ISTR is June 30, 2021.

How many quarterly dividends has Investar Holding Corporation paid?

Investar Holding Corporation has paid a total of 31 quarterly dividends.

What is the significance of the 14% dividend increase for ISTR shareholders?

The 14% dividend increase signifies the company's commitment to enhancing shareholder value and financial growth.