Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, NASDAQ: PROV, announced a quarterly cash dividend of $0.14 per share, with a record date of February 15, 2022, and a payment date of March 8, 2022. Shareholders will benefit from this cash distribution. The company emphasized its commitment to shareholders while noting potential risks related to market conditions, interest rates, and regulatory changes that could affect future performance. The announcement reflects the company's ongoing financial health and dedication to shareholder returns.

Positive

• Quarterly cash dividend of $0.14 per share to benefit shareholders.

Negative

• Potential risks related to market conditions, interest rates, and regulatory changes.

RIVERSIDE, Calif., Jan. 25, 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 February 15, 2022 will be entitled to receive the cash dividend. The cash dividend will be payable on March 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.

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 Provident Financial Holdings in 2022?

The dividend amount is $0.14 per share.

When will Provident Financial Holdings pay its dividend?

The dividend will be payable on March 8, 2022.

Who is eligible for the dividend from Provident Financial Holdings?

Shareholders at the close of business on February 15, 2022, are eligible.

What are the potential risks mentioned in the Provident Financial Holdings press release?

Potential risks include market conditions, interest rates, and regulatory changes.