Premier Financial Bancorp, Inc. Announces $1.00 Special Cash Dividend

Rhea-AI Summary

Premier Financial Bancorp (PFBI), a $1.9 billion financial holding company, has announced a special cash dividend of $1.00 per share. The board of directors declared this special dividend during their January meeting, payable to shareholders of record on February 1, 2021. Shareholders will receive the cash dividend on February 5, 2021. President and CEO Robert W. Walker expressed satisfaction in returning this additional amount to shareholders, highlighting it as a supplement to the regular quarterly dividend.

Positive

• Special cash dividend of $1.00 per share increases shareholder income.
• Demonstrates company confidence in financial stability.

Negative

• Risks and uncertainties associated with forward-looking statements may affect future performance.

HUNTINGTON, W.Va., Jan. 21, 2021 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ/GMS-PFBI) a $1.9 billion financial holding company with two community bank subsidiaries announced today that it will pay a special cash dividend of $1.00 per share on its common stock.  At its regularly scheduled January meeting, the board of directors declared a $1.00 per share special dividend to common shareholders of record on February 1, 2021.  The cash dividend will be paid to shareholders on February 5, 2021. 

President and CEO, Robert W. Walker stated, "This special dividend declared by the board is in addition to our regular quarterly dividend paid at the end of each quarter.  We are very pleased to be able to return this additional amount to our shareholders."

Certain Statements contained in this news release, including without limitation, statements including the word "believes," "anticipates," "intends," "expects" or words of similar import, constitute "forward-looking statements" within the meaning of section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act").  Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Premier to be materially different from any future results, performance or achievements of Premier expressed or implied by such forward-looking statements.  Such factors include, among others, general economic and business conditions, changes in business strategy or development plans and other factors referenced in this press release.  Given these uncertainties, prospective investors are cautioned not to place undue reliance on such forward-looking statements.  Premier disclaims any obligation to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

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SOURCE Premier Financial Bancorp, Inc.

FAQ

What is the special dividend amount for PFBI?

Premier Financial Bancorp has declared a special cash dividend of $1.00 per share.

When will the special dividend be paid to shareholders of PFBI?

The special dividend will be paid on February 5, 2021.

Who are the shareholders of record for the PFBI special dividend?

Shareholders of record on February 1, 2021, will receive the special dividend.

Is the special dividend from PFBI in addition to regular dividends?

Yes, it is in addition to the regular quarterly dividends.