Investar Holding Corporation Declares Quarterly Cash Dividend

Rhea-AI Summary

Investar Holding Corporation (NASDAQ:ISTR) has declared a quarterly cash dividend of $0.095 per share, payable on January 31, 2023, to shareholders on record by January 2, 2023. This marks the 37th quarterly dividend issued by the Company, continuing a streak of 11 consecutive quarterly dividends from its banking subsidiary, Investar Bank. As of September 30, 2022, Investar Bank had total assets of $2.7 billion and employed 352 full-time equivalents.

Positive

• Declaration of a quarterly cash dividend of $0.095 per share indicates strong cash flow.
• The company has a consistent history of paying dividends, with the latest being the 37th quarterly dividend.
• Investar Bank's total assets were reported at $2.7 billion, showing stability.

Negative

• None.

BATON ROUGE, LA / ACCESSWIRE / December 21, 2022 / Investar Holding Corporation (the "Company") (NASDAQ:ISTR), the holding company of Investar Bank, National Association (the "Bank"), declared a quarterly cash dividend of $0.095 per share to holders of the Company's common stock. The dividend is payable on January 31, 2023 to shareholders of record as of January 2, 2023. This is the 37^th quarterly dividend paid by the Company, which follows an uninterrupted 11 quarterly cash dividends paid by the 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 31 branch locations serving Louisiana, Texas, and Alabama. At September 30, 2022, the Bank had 352 full-time equivalent employees and total assets of $2.7 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
John D'Angelo
President, Chief Executive Officer and Interim Chief Financial Officer
(225) 448-5461
John.Dangelo@investarbank.com

SOURCE: Investar Holding Corporation

View source version on accesswire.com:
https://www.accesswire.com/732801/Investar-Holding-Corporation-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount declared by Investar Holding Corporation?

Investar Holding Corporation has declared a quarterly cash dividend of $0.095 per share.

When is the dividend payable for Investar Holding Corporation?

The dividend is payable on January 31, 2023.

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

The record date for the dividend payment is January 2, 2023.

How many consecutive dividends has Investar Bank paid?

Investar Bank has paid 11 consecutive quarterly dividends.