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, payable on January 31, 2022, to shareholders of record by December 31, 2021. This marks the 33rd quarterly dividend issued by the Company following 11 consecutive quarters of cash dividends by Investar Bank. The Company operates 33 branches across Louisiana, Texas, and Alabama, with total assets of $2.7 billion as of September 30, 2021.

Positive

• Declaration of a quarterly cash dividend of $0.08 per share enhances shareholder income.
• This is the 33rd consecutive dividend, demonstrating consistent company performance.
• Total assets of $2.7 billion indicate a solid financial foundation.

Negative

• None.

BATON ROUGE, LA / ACCESSWIRE / December 15, 2021 / 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 January 31, 2022 to shareholders of record as of December 31, 2021. This is the 33^rd 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 September 30, 2021, the Bank had 348 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
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/677863/Investar-Holding-Corporation-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount declared by Investar Holding Corporation?

Investar Holding Corporation declared a quarterly cash dividend of $0.08 per share.

When is the dividend payable for Investar Holding Corporation?

The dividend is payable on January 31, 2022.

What is the record date for the dividend?

The record date for the dividend is December 31, 2021.

How many consecutive dividends has Investar Holding Corporation paid?

Investar Holding Corporation has paid a total of 33 consecutive quarterly dividends.

What are the total assets of Investar Bank?

As of September 30, 2021, Investar Bank had total assets of $2.7 billion.