Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp (Nasdaq: SASR) announced a quarterly dividend of $0.32 per share, payable on November 17, 2021, to shareholders of record on November 10, 2021. This dividend maintains consistency with the previous quarter and represents a $0.02 increase compared to the fourth quarter of 2020, reflecting the company's ongoing commitment to return value to its shareholders.

Positive

• Quarterly dividend increased by $0.02 compared to Q4 2020.
• Dividend consistent with previous quarter, indicating stability.

Negative

• None.

OLNEY, Md., Oct. 28, 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 November 17, 2021 to shareholders of record on November 10, 2021. This dividend is consistent with the previous linked quarter, and $0.02 more than the fourth 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 50 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 November 2021?

The dividend amount is $0.32 per share.

When is the payment date for SASR's dividend?

The payment date is November 17, 2021.

What is the record date for SASR's dividend?

The record date is November 10, 2021.

How does the current dividend compare to last year's?

The current dividend is $0.02 higher than the fourth quarter of 2020.

Is the dividend for SASR sustainable?

The stability and increase in dividends suggest confidence in sustainability.