Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ: PROV) has declared a quarterly cash dividend of $0.14 per share for its shareholders. The dividend is payable on June 9, 2022, to shareholders of record as of May 19, 2022. This decision reflects the Company's ongoing commitment to returning value to its investors while navigating the financial landscape.

Positive

• Quarterly cash dividend declared at $0.14 per share.
• Dividend payable on June 9, 2022, indicating sustained financial health.

Negative

• Risks highlighted in forward-looking statements regarding business environment and competitive conditions.
• Potential impact of regulatory changes on future performance.

RIVERSIDE, Calif., April 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 May 19, 2022 will be entitled to receive the cash dividend. The cash dividend will be payable on June 9, 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 announced by PROV?

Provident Financial Holdings, Inc. announced a dividend of $0.14 per share.

When is the dividend payment date for PROV?

The dividend will be paid on June 9, 2022.

Who is eligible for the dividend payment from PROV?

Shareholders who own common stock by the close of business on May 19, 2022, will be eligible.

What risks are associated with Provident Financial Holdings, Inc.?

The Company mentioned various risks, including regulatory changes and competitive conditions, which could impact performance.