Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ GS: PROV) announced a quarterly cash dividend of $0.14 per share, declared by its Board of Directors. Shareholders of record as of the close of business on August 18, 2022 will receive the dividend, payable on September 8, 2022. This financial commitment reflects the Company's ongoing dedication to returning value to its shareholders amidst a dynamic business environment.

Positive

• Quarterly cash dividend of $0.14 per share enhances shareholder value.
• Dividend payable on September 8, 2022, indicates financial stability and confidence.

Negative

• None.

RIVERSIDE, Calif., July 28, 2022 (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 18, 2022 will be entitled to receive the cash dividend. The cash dividend will be payable on September 8, 2022.

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, 2021.

Contact:	Craig G. Blunden	Donavon P. Ternes
	Chairman and President,	Chief Operating Officer,
	Chief Executive Officer	and Chief Financial Officer

FAQ

What is the dividend amount declared by PROV?

The dividend amount declared by Provident Financial Holdings is $0.14 per share.

When is the dividend payment date for PROV?

The dividend payment date for Provident Financial Holdings is September 8, 2022.

Who is eligible for the PROV dividend?

Shareholders of Provident Financial Holdings at the close of business on August 18, 2022, are eligible for the dividend.

How often does PROV pay dividends?

Provident Financial Holdings typically pays dividends on a quarterly basis.