PB Financial Corporation Declares Third-Quarter, 2022 Dividend

Rhea-AI Summary

PB Financial Corporation (OTCQX:PBNC) has declared a quarterly cash dividend of $0.31 per share, marking a 19.23% increase from the previous year. Shareholders on record by August 1, 2022, will receive the dividend on August 22, 2022. This dividend translates to an annual yield of 3.20% based on its closing price of $38.75 on July 6, 2022. With this announcement, PB Financial celebrates its 43rd consecutive quarterly dividend, reflecting consistent financial performance since 2012.

Positive

• Quarterly cash dividend increased by 19.23%.
• Annual dividend yield of 3.20%.
• 43 consecutive quarters of dividends since 2012.

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• None.

ROCKY MOUNT, NC / ACCESSWIRE / July 7, 2022 / Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company for Providence Bank, announced today that the Board of Directors approved a quarterly cash dividend of $0.31 per share on common stock outstanding to shareholders of record at the close of business on August 1, 2022. The dividend is payable August 22, 2022. This is an increase of approximately 19.23% from the dividend paid during the 3rd quarter of 2021. This represents a $1.24 dividend on an annual basis and a yield of 3.20% (based on closing price on July 6, 2022, of $38.75/share).

Whitehurst commented, "This represents our 43^rd consecutive quarterly cash dividend. Our consistent financial performance has allowed us to increase our cash dividend each quarter since we began paying dividends in the 1^st quarter of 2012. This increase in our quarterly cash dividend is part of our continued strategy to enhance shareholder value which we believe sets us apart from other community banks."

PB Financial Corporation is headquartered at 450 N. Winstead Avenue in Rocky Mount, North Carolina. As of June 30, 2022, PB Financial Corporation had total assets of $748.4 million, loans of $584.3 million and total deposits of $606.3 million.

www.pbknc.com

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding PB Financial Corporation. Those statements may include but are not limited to statements regarding the Company's plans, objectives, expectations and intentions and other statements identified by words such as "believes," "considers," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects," "would be," and similar expressions. These statements are based upon current beliefs and expectations of management of PB Financial Corporation and are subject to significant risks and uncertainties. Actual or future results or events may differ from those set forth in the forward-looking statements. PB Financial Corporation does not undertake to update any forward-looking statements in this press release. The information as of and for the quarter ended June 30, 2022 as presented is unaudited.

For more information, contact:
Ted E. Whitehurst, President and CEO
252-467-2990; twhitehurst@pbknc.com

SOURCE: PB Financial Corporation

View source version on accesswire.com:
https://www.accesswire.com/707854/PB-Financial-Corporation-Declares-Third-Quarter-2022-Dividend

FAQ

What is the dividend amount declared by PB Financial Corporation?

PB Financial Corporation declared a dividend of $0.31 per share.

When is the dividend payment date for PBNC?

The dividend is payable on August 22, 2022.

What is the yield of the dividend declared by PB Financial Corporation?

The dividend yield is 3.20% based on the closing price of $38.75.

How often does PB Financial Corporation pay dividends?

PB Financial Corporation pays dividends quarterly.

How long has PB Financial Corporation been issuing dividends?

PB Financial Corporation has been issuing dividends for 43 consecutive quarters since 2012.