Sandy Spring Bancorp Declares Quarterly Dividend

Rhea-AI Summary

On April 27, 2023, Sandy Spring Bancorp, Inc. (Nasdaq: SASR) announced a quarterly common stock dividend of $0.34 per share. This dividend is payable on May 17, 2023, to shareholders of record as of May 10, 2023. The dividend remains consistent with the previous quarter and the same quarter of the prior year. Sandy Spring Bancorp operates as the parent company of Sandy Spring Bank, a prominent community bank in the Greater Washington, D.C. region, offering extensive banking services across Maryland, Virginia, and Washington, D.C.

Positive

• Quarterly dividend of $0.34 per share reflects consistent payouts.
• Dividend payment maintains stability compared to previous periods.

Negative

• None.

OLNEY, Md., April 27, 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 May 17, 2023 to shareholders of record on May 10, 2023. This dividend is consistent with the previous linked quarter and the second 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 declared by SASR?

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

When will the SASR dividend be paid?

The dividend will be payable on May 17, 2023.

What is the record date for SASR's dividend?

The record date for the dividend is May 10, 2023.

Has SASR maintained its dividend consistently?

Yes, the dividend is consistent with the previous linked quarter and the second quarter of 2022.