Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp, Inc. (Nasdaq: SASR) declared a quarterly common stock dividend of $0.34 per share, payable on February 15, 2023, to shareholders of record on February 8, 2023. This dividend maintains consistency with the previous quarter and the first quarter of 2022, reflecting the company's ongoing commitment to returning value to shareholders.

Positive

• Quarterly common stock dividend of $0.34 per share reflects a commitment to returning value to shareholders.
• Dividend consistent with prior quarters indicates stability and confidence in financial health.

Negative

• None.

OLNEY, Md., Jan. 26, 2023 (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 $0.34 per share payable on February 15, 2023 to shareholders of record on February 8, 2023. This dividend is consistent with the previous linked quarter and the first quarter of 2022.

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 50 locations, the bank offers a broad range of commercial and retail banking, mortgage, private banking, and trust services throughout Maryland, Virginia, and Washington, D.C. Through its subsidiaries, Rembert Pendleton Jackson and West Financial Services, Inc., Sandy Spring Bank also offers a comprehensive menu of 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 for SASR announced on January 26, 2023?

Sandy Spring Bancorp announced a dividend of $0.34 per share.

When will the SASR dividend be paid?

The dividend will be paid on February 15, 2023.

What is the record date for the SASR dividend?

The record date for the dividend is February 8, 2023.

How does the SASR dividend compare to previous quarters?

The dividend is consistent with the previous linked quarter and the first quarter of 2022.