Sandy Spring Bancorp Increases Quarterly Dividend

Rhea-AI Summary

Sandy Spring Bancorp (Nasdaq: SASR) has announced a quarterly common stock dividend of $0.34 per share, marking a $0.02 increase from the previous quarter and the first quarter of 2021. This dividend will be payable on February 28, 2022 to shareholders of record as of February 18, 2022. The increase highlights the company's commitment to returning value to its shareholders while continuing to capitalize on growth opportunities within its regional banking operations.

Positive

• Dividend increased to $0.34 per share, enhancing shareholder value.
• First dividend increase compared to the previous quarter and year.

Negative

• None.

OLNEY, Md., Jan. 27, 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 February 28, 2022 to shareholders of record on February 18, 2022. This dividend is $0.02 more than the previous linked quarter and the first 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 amount of the dividend declared by Sandy Spring Bancorp?

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

When is the dividend payment date for Sandy Spring Bancorp?

The dividend is payable on February 28, 2022.

What is the record date for the dividend payment from Sandy Spring Bancorp?

The record date for the dividend payment is February 18, 2022.

How does the current dividend compare to previous quarters for SASR?

The current dividend of $0.34 per share is $0.02 more than the previous quarter and the first quarter of 2021.