Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

On July 28, 2022, Sandy Spring Bancorp, Inc. (SASR) announced a quarterly common stock dividend of $0.34 per share, payable on August 17, 2022, to shareholders of record on August 10, 2022. This dividend remains consistent with the prior quarter and is an increase of $0.02 compared to Q3 2021.

Positive

• Quarterly dividend maintained at $0.34 per share, signaling financial stability.
• Dividend increase of $0.02 compared to the same quarter last year, indicating growth and commitment to returning value to shareholders.

Negative

• None.

OLNEY, Md., July 28, 2022 (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 August 17, 2022 to shareholders of record on August 10, 2022. This dividend is consistent with the previous linked quarter and $0.02 more than the third quarter of 2021.

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 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 in July 2022?

Sandy Spring Bancorp declared a quarterly common stock dividend of $0.34 per share.

When is the dividend payment date for Sandy Spring Bancorp?

The dividend payment date is August 17, 2022.

Who is eligible to receive the dividend from Sandy Spring Bancorp?

Shareholders of record on August 10, 2022, are eligible to receive the dividend.

How does the July 2022 dividend compare to previous quarters?

The July 2022 dividend of $0.34 per share is consistent with the previous quarter and $0.02 higher than Q3 2021.

Is the dividend from Sandy Spring Bancorp sustainable?

The consistent payment and increase in the dividend suggest confidence in financial stability, but investors should monitor future financial performance.