Investar Holding Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Investar Holding Corporation (Nasdaq: ISTR) declared a quarterly cash dividend of $0.085 per share, marking a 6% increase from the previous quarter. This dividend is scheduled for payment on April 29, 2022, to shareholders on record as of March 31, 2022. This announcement marks the 34th quarterly dividend and continues a streak of uninterrupted payments from Investar Bank over the past 11 quarters. Investar Holding Corporation operates with total assets of $2.5 billion across 33 branches in Louisiana, Texas, and Alabama.

Positive

• Quarterly cash dividend increased by 6% to $0.085 per share.
• 34th consecutive quarterly dividend payment demonstrates consistency.
• Strong asset base of $2.5 billion supports financial health.

Negative

• None.

BATON ROUGE, LA / ACCESSWIRE / March 16, 2022 / Investar Holding Corporation (the "Company") (Nasdaq:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.085 per share to holders of Investar Holding Corporation common stock. The dividend is payable on April 29, 2022 to shareholders of record as of March 31, 2022. This represents a 6% increase in the dividend per share compared to the prior quarter and is the 34^th 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 33 branch locations serving Louisiana, Texas, and Alabama. At December 31, 2021, the Bank had 343 full-time equivalent employees and total assets of $2.5 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

SOURCE: Investar Holding Corporation

View source version on accesswire.com:
https://www.accesswire.com/693384/Investar-Holding-Corporation-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount for Investar Holding Corporation (ISTR)?

Investar Holding Corporation (Nasdaq: ISTR) declared a quarterly cash dividend of $0.085 per share.

When will the dividend for ISTR be paid?

The dividend is payable on April 29, 2022, to shareholders of record as of March 31, 2022.

How many quarterly dividends has Investar Holding Corporation paid?

Investar Holding Corporation has paid its 34th quarterly dividend.

What was the percentage increase in the dividend for ISTR?

The dividend increased by 6% compared to the prior quarter.