OP Bancorp Declares Quarterly Cash Dividend of $0.12 per Share

Rhea-AI Summary

OP Bancorp (NASDAQ: OPBK), the holding company of Open Bank, has announced a quarterly cash dividend of $0.12 per share of its common stock. The dividend will be payable on August 22, 2024 to shareholders of record as of the close of business on August 8, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders and may indicate confidence in its financial stability and future prospects.

Positive

• Declared quarterly cash dividend of $0.12 per share
• Consistent dividend payments indicate financial stability
• Provides regular income for shareholders

Negative

• None.

LOS ANGELES--(BUSINESS WIRE)-- OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 22, 2024 to all shareholders of record as of the close of business on August 8, 2024.

About OP Bancorp

OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quoted on the Nasdaq Global Market under the ticker symbol, “OPBK.” The Bank is engaged in the general commercial banking business in Los Angeles, Orange, and Santa Clara Counties in California, the Dallas metropolitan area in Texas, and Clark County in Nevada and is focused on serving the banking needs of small- and medium-sized businesses, professionals, and residents with a particular emphasis on Korean and other ethnic minority communities. The Bank currently operates with eleven full service branch offices in Downtown Los Angeles, Los Angeles Fashion District, Los Angeles Koreatown, Cerritos, Gardena, Buena Park, and Santa Clara, California, Carrollton, Texas, and Las Vegas, Nevada. The Bank also has four loan production offices in Pleasanton, California, Atlanta, Georgia, Aurora, Colorado, and Lynnwood, Washington. The Bank commenced its operations on June 10, 2005 as First Standard Bank and changed its name to Open Bank in October 2010. Its headquarters is located at 1000 Wilshire Blvd., Suite 500, Los Angeles, California 90017. Phone 213.892.9999; www.myopenbank.com Member FDIC, Equal Housing Lender.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240725411617/en/

Investor Relations

OP Bancorp

Christine Oh

EVP & CFO

213.892.1192

Christine.oh@myopenbank.com

Source: OP Bancorp

FAQ

What is the amount of OP Bancorp's (OPBK) quarterly dividend for 2024?

OP Bancorp (OPBK) has declared a quarterly cash dividend of $0.12 per share of its common stock for 2024.

When is the ex-dividend date for OP Bancorp's (OPBK) Q3 2024 dividend?

The press release does not specify the ex-dividend date. However, shareholders of record as of the close of business on August 8, 2024, will be eligible for the dividend.

What is the payment date for OP Bancorp's (OPBK) latest announced dividend?

The dividend is payable on or about August 22, 2024.

How often does OP Bancorp (OPBK) pay dividends?

Based on the announcement of a quarterly dividend, OP Bancorp (OPBK) appears to pay dividends on a quarterly basis.