Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp, Inc. (SASR) has declared a quarterly common stock dividend of $0.32 per share, to be paid on May 19, 2021, to shareholders on record as of May 12, 2021. This dividend remains consistent with the previous quarter and is an increase of $0.02 compared to the same period last year. Sandy Spring Bancorp is a leading community bank serving the Greater Washington, D.C. area with over 60 locations and a wide range of financial services.

Positive

• Declared a consistent quarterly dividend of $0.32 per share, reflecting company stability.
• Dividend increase of $0.02 compared to Q2 2020, signaling shareholder value enhancement.

Negative

• None.

OLNEY, Md., April 29, 2021 (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 $0.32 per share payable on May 19, 2021 to shareholders of record on May 12, 2021. This dividend is consistent with the previous linked quarter, and $0.02 more than the second quarter of 2020.

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 60 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 for SASR in May 2021?

The dividend amount for SASR is $0.32 per share.

When will the dividend for SASR be paid?

The dividend will be paid on May 19, 2021.

What is the record date for SASR's dividend?

The record date for the dividend is May 12, 2021.

How does SASR's May 2021 dividend compare to previous dividends?

The May 2021 dividend is consistent with the previous quarter and an increase of $0.02 from the second quarter of 2020.