Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings announced a quarterly cash dividend of $0.14 per share. Shareholders on record by the close of business on August 12, 2021 will receive this dividend, which is payable on September 2, 2021. This declaration underlines the company's commitment to returning value to shareholders despite a challenging business environment, influenced by factors such as interest rates and regulatory changes.

Positive

• Quarterly cash dividend of $0.14 per share declared.
• Demonstrates commitment to shareholder returns.

Negative

• Business environment risks include competitive pressures and regulatory changes.

RIVERSIDE, Calif., July 22, 2021 (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 August 12, 2021 will be entitled to receive the cash dividend. The cash dividend will be payable on September 2, 2021.

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, 2020.

Contacts:

Craig G. Blunden 
Chairman and 
Chief Executive Officer 

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

(951) 686-6060

FAQ

What is the dividend amount for PROV in 2021?

The dividend amount for Provident Financial Holdings (PROV) in 2021 is $0.14 per share.

When will the dividend for PROV be paid?

The dividend for PROV will be paid on September 2, 2021.

What is the record date for the PROV dividend?

The record date for the PROV dividend is August 12, 2021.

How often does PROV pay dividends?

Provident Financial Holdings typically pays dividends on a quarterly basis.

What factors might affect the sustainability of PROV's dividends?

Factors that may affect the sustainability include interest rates, competition in financial services, and regulatory changes.