Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp, Inc. (SASR) has declared a quarterly common stock dividend of $0.34 per share, payable on May 18, 2022, to shareholders of record on May 11, 2022. This dividend remains consistent with the previous quarter and reflects an increase of $0.02 over the same quarter last year. Sandy Spring Bancorp is the parent company of Sandy Spring Bank, serving the Greater Washington, D.C. region with over 50 locations and a diverse range of financial services, including commercial and retail banking, mortgage, and wealth management.

Positive

• Quarterly common stock dividend of $0.34 per share announced.
• Dividend payable on May 18, 2022, to shareholders of record on May 11, 2022.
• Dividend increase of $0.02 compared to the same quarter last year.

Negative

• None.

OLNEY, Md., April 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 May 18, 2022 to shareholders of record on May 11, 2022. This dividend is consistent with the previous linked quarter and $0.02 more than the second 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, 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, Inc. (SASR)?

Sandy Spring Bancorp, Inc. has declared a dividend of $0.34 per share.

When will the dividend be paid to shareholders for SASR?

The dividend will be paid on May 18, 2022.

What date must I own shares to receive the SASR dividend?

Shareholders must be on record by May 11, 2022, to receive the dividend.

How does the current dividend compare to last year's second quarter for SASR?

The current dividend is $0.02 higher than the same quarter last year.