Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ: PROV) declared a quarterly cash dividend of $0.14 per share. Shareholders on record as of February 14, 2023, will receive this dividend on March 7, 2023. The announcement reflects the company's ongoing commitment to return value to its shareholders.

This decision highlights the company's financial stability and confidence in future performance, despite the potential risks and uncertainties associated with the business environment, such as interest rates and competitive conditions.

Positive

• Quarterly cash dividend of $0.14 per share enhances shareholder value.
• Demonstrates company confidence in financial stability.

Negative

• None.

RIVERSIDE, Calif., Jan. 24, 2023 (GLOBE NEWSWIRE) -- Provident Financial Holdings, Inc. (“Company”), NASDAQ GS: PROV, the holding company for Provident Savings Bank, F.S.B., today announced that the Company’s Board of Directors declared a quarterly cash dividend of $0.14 per share. Shareholders of the Company’s common stock at the close of business on February 14, 2023 will be entitled to receive the cash dividend. The cash dividend will be payable on March 7, 2023.

Safe-Harbor Statement

Certain matters in this News Release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may relate to, among others, expectations of the business environment in which the Company operates, projections of future performance, perceived opportunities in the market, potential future credit experience, and statements regarding the Company’s mission and vision. These forward-looking statements are based upon current management expectations, and may, therefore, involve risks and uncertainties. The Company’s actual results, performance, or achievements may differ materially from those suggested, expressed, or implied by forward-looking statements as a result of a wide range of factors including, but not limited to, the general business environment, interest rates, the California real estate market, competitive conditions between banks and non-bank financial services providers, regulatory changes, and other risks detailed in the Company’s reports filed with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2022.

Contacts:

Craig G. Blunden 
Chairman and President,
Chief Executive Officer 

Donavon P. Ternes
Chief Operating Officer,
and Chief Financial Officer

(951) 686-6060

FAQ

What is the dividend amount declared by Provident Financial Holdings?

The company declared a quarterly cash dividend of $0.14 per share.

When is the dividend payment date for Provident Financial Holdings?

The dividend will be payable on March 7, 2023.

Who qualifies for the dividend from Provident Financial Holdings?

Shareholders on record as of February 14, 2023, will be entitled to the dividend.