Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, Inc. (NASDAQ: PROV) announced a quarterly cash dividend of $0.14 per share, set to be paid on December 10, 2020. Shareholders on record as of the close of business on November 19, 2020 will qualify for this cash dividend. This announcement reflects the Company’s commitment to returning value to its shareholders amidst a complex business environment shaped by regulatory conditions and competitive dynamics.

Positive

• Quarterly cash dividend declared at $0.14 per share.
• Demonstrates commitment to returning value to shareholders.

Negative

• Forward-looking statements indicate potential risks and uncertainties affecting future performance.
• Company's actual performance may significantly differ from projections due to various market factors.

RIVERSIDE, Calif., Oct. 29, 2020 (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 November 19, 2020 will be entitled to receive the cash dividend. The cash dividend will be payable on December 10, 2020.

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 2020?

The dividend amount declared for Provident Financial Holdings in 2020 is $0.14 per share.

When is the dividend payable for PROV?

The dividend for Provident Financial Holdings will be payable on December 10, 2020.

What is the record date for the dividend for PROV?

The record date for the dividend is November 19, 2020.

Are there any risks associated with investing in PROV?

Yes, forward-looking statements highlight potential risks including market conditions, regulatory changes, and competitive factors.