Provident Financial Holdings Announces Quarterly Cash Dividend

Rhea-AI Summary

Provident Financial Holdings, ticker symbol PROV, has announced a quarterly cash dividend of $0.14 per share, reflecting the company's commitment to returning value to shareholders. The dividend will be payable on December 8, 2022, to shareholders on record by the market close on November 17, 2022. This announcement underscores the company's ongoing efforts to maintain shareholder confidence amidst market challenges.

Positive

• Declared a quarterly cash dividend of $0.14 per share, indicating strong cash flow and commitment to shareholders.

Negative

• Potential risks highlighted in the safe-harbor statement may affect future performance, including interest rate fluctuations and competitive conditions.

RIVERSIDE, Calif., Oct. 27, 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 November 17, 2022 will be entitled to receive the cash dividend. The cash dividend will be payable on December 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, 2022.

Contact:	Craig G. Blunden	Donavon P. Ternes
	Chairman and President,	Chief Operating Officer,
	Chief Executive Officer	and Chief Financial Officer
	(951) 686-6060

FAQ

What is the cash dividend amount for PROV?

The cash dividend amount for Provident Financial Holdings, ticker PROV, is $0.14 per share.

When will the dividend be paid for PROV?

The dividend for PROV will be paid on December 8, 2022.

What is the record date for the PROV dividend?

The record date for the PROV dividend is November 17, 2022.

What risks could affect PROV's future performance?

Risks include interest rate fluctuations, competitive market conditions, and regulatory changes.