PSB Holding Corp. Declares Annual Dividend Of $0.20 Per Share

Rhea-AI Summary

PSB Holding Corp. (OTC-QX: PSBP) has declared an annual common stock dividend of $0.20 per share to be paid on December 1, 2021. Shareholders of record as of November 18, 2021 will receive this dividend. The company, parent to Provident State Bank, Inc., has been operating since 1904, with multiple locations across eastern Maryland. This dividend reflects PSB Holding Corp.'s ongoing commitment to returning value to shareholders.

Positive

• Annual common stock dividend of $0.20 per share enhances shareholder returns.

Negative

• None.

PRESTON, Md., Oct. 20, 2021 /PRNewswire/ -- PSB Holding Corp. (OTC-QX: PSBP), parent company of Provident State Bank, Inc., announced the board of directors declared an annual common stock dividend of $0.20 per share payable on December 1, 2021 to shareholders of record on November 18, 2021.

About PSB Holding Corp. / Provident State Bank, Inc.

PSB Holding Corp. is the holding company of Provident State Bank, Inc., a full service financial institution serving the eastern shore of Maryland since 1904. Provident State Bank, Inc. has ten locations in Preston, Federalsburg, Ridgely, Denton, Easton-Elliot Road, Easton-Harrison Street, Secretary, Cambridge, Salisbury and Lewes, DE.  For more information on PSB Holding Corp. and Provident State Bank, Inc., visit www.providentstatebank.com.

Forward-Looking Statements
Forward-looking statements relating to PSB Holding Corp. and its subsidiary, Provident State Bank, Inc. may include plans, strategies, objectives, expectations, intentions and adequacy of resources.  All statements other than statements of historical fact, including, without limitation, statements regarding business strategy, future events, activities, performance, and plans and objectives for future operations, are forward-looking statements.  Therefore, the illustrative value of forward-looking statements made in or pursuant to this press release should not, under any circumstances, be considered a guaranty or promise that such future events, activities, occurrences or performances will take place.

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SOURCE PSB Holding Corp.

FAQ

What is the dividend amount declared by PSB Holding Corp for 2021?

The declared dividend amount for 2021 is $0.20 per share.

When will PSB Holding Corp. pay the dividend?

The dividend will be payable on December 1, 2021.

What is the record date for the dividend payment by PSB Holding Corp.?

The record date for the dividend payment is November 18, 2021.

How often does PSB Holding Corp. declare dividends?

PSB Holding Corp. typically declares annual dividends.

What does the dividend payment mean for PSB Holding Corp. shareholders?

The dividend payment signifies PSB Holding Corp.'s commitment to providing returns to its shareholders.