PLUMAS BANCORP DECLARES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Plumas Bancorp (Nasdaq:PLBC) has declared a quarterly cash dividend of $0.14 per share, set for payment on May 17, 2021, to shareholders recorded by May 1, 2021. This decision reflects the company’s ongoing commitment to shareholder returns. Plumas Bank, headquartered in Quincy, California, operates 13 branches across Northern California and Nevada, and offers varied financial services, holding a Preferred Lender status from the SBA. The announcement signifies financial stability amid growth prospects.

Positive

• Quarterly dividend of $0.14 per share enhances shareholder returns.
• Payment date of May 17, 2021, shows commitment to consistent dividends.
• Preferred Lender status with the SBA indicates strong market position.

Negative

• None.

QUINCY, Calif., April 22, 2021 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank (the “Bank”), today announced that the Board of Directors declared a regular quarterly cash dividend on Plumas Bancorp common stock of $0.14 per share, payable May 17, 2021, to stockholders of record as of May 1, 2021.

About Plumas Bancorp

Founded in 1980, Plumas Bank is a locally owned and managed full-service community bank headquartered in Northeastern California. The Bank operates thirteen branches: eleven located in the northern California counties of Plumas, Lassen, Placer, Nevada, Modoc and Shasta and two branches located in the northern Nevada counties of Washoe and Carson City. The Bank also operates three loan production offices: two located in the northern California counties of Placer and Butte and one located in the southern Oregon county of Klamath. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration. For more information on Plumas Bancorp and Plumas Bank, please visit our website at www.plumasbank.com.

Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve the risks and uncertainties, including the timely availability and acceptance of Bank products, the impact of competitive products and pricing, the management of growth, and other risks detailed from time to time in the Bank's publicly available regulatory reports.

FAQ

What is the dividend amount declared by Plumas Bancorp for 2021?

Plumas Bancorp declared a quarterly cash dividend of $0.14 per share.

When will Plumas Bancorp's dividend be paid?

The dividend will be paid on May 17, 2021.

What is the record date for the dividend payment by Plumas Bancorp?

The record date for the dividend payment is May 1, 2021.

Does Plumas Bancorp have a history of paying dividends?

Yes, Plumas Bancorp has a history of paying regular dividends to its shareholders.