Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp, Inc. (NASDAQ: SASR) announced a quarterly dividend of $0.30 per share, payable on August 19, 2020, for shareholders on record by August 12, 2020. This dividend remains consistent with both the previous quarter and the same quarter in 2019. The company operates in the Greater Washington, D.C. region with 65 locations, offering a range of banking services including commercial, retail, mortgage, and wealth management.

Positive

• Quarterly dividend remains at $0.30 per share, consistent with previous periods.
• Sandy Spring Bancorp maintains a strong community banking presence with 65 locations.

Negative

• None.

OLNEY, Md., July 30, 2020 (GLOBE NEWSWIRE) -- Sandy Spring Bancorp, Inc., (Nasdaq- SASR), the parent company of Sandy Spring Bank, announced that the board of directors declared a quarterly common stock dividend of $0.30 per share payable on August 19, 2020 to shareholders of record on August 12, 2020. This dividend is consistent with the previous linked quarter and the third quarter of 2019.

About Sandy Spring Bancorp, Inc./Sandy Spring Bank

Sandy Spring Bancorp, Inc., headquartered in Olney, Maryland, is the holding company for Sandy Spring Bank, a premier community bank in the Greater Washington, D.C. region. With over 65 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Northern Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson, Sandy Spring Insurance Corporation and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of insurance and wealth management services.

For additional information or questions, please contact:
            Daniel J. Schrider, President & Chief Executive Officer, or
            Philip J. Mantua, Executive V.P. & Chief Financial Officer
            Sandy Spring Bancorp
            17801 Georgia Avenue
            Olney, Maryland 20832
            1-800-399-5919
            E-mail: DSchrider@sandyspringbank.com
                        PMantua@sandyspringbank.com
            Website:  www.sandyspringbank.com   

            Media Contact:
            Jen Schell
            301-570-8331
            jschell@sandyspringbank.com

FAQ

What is the dividend amount declared by Sandy Spring Bancorp?

Sandy Spring Bancorp declared a dividend of $0.30 per share.

When will the dividend be paid to shareholders of Sandy Spring Bancorp?

The dividend will be paid on August 19, 2020.

What is the record date for the dividend of Sandy Spring Bancorp?

The record date for the dividend is August 12, 2020.

How does the current dividend compare to previous dividends?

The current dividend of $0.30 per share is consistent with the previous quarter and the same quarter of 2019.