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, with shareholders entitled to receive the dividend if they own stock by the close of business on May 18, 2021. The dividend will be paid on June 8, 2021. This decision reflects the company’s commitment to returning value to its shareholders amidst a stable operating environment.

Positive

• Quarterly cash dividend of $0.14 per share enhances shareholder value.
• Dividend payment date set for June 8, 2021, assures investor confidence.

Negative

• None.

RIVERSIDE, Calif., April 27, 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 May 18, 2021 will be entitled to receive the cash dividend. The cash dividend will be payable on June 8, 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 declared by Provident Financial Holdings?

Provident Financial Holdings declared a quarterly cash dividend of $0.14 per share.

When is the ex-dividend date for PROV?

The ex-dividend date for Provident Financial Holdings is May 18, 2021.

When will the dividend be paid to shareholders of PROV?

The dividend will be payable on June 8, 2021.