Sandy Spring Bancorp Increases Quarterly Dividend

Rhea-AI Summary

On January 28, 2021, Sandy Spring Bancorp, Inc. (SASR) announced a quarterly dividend of $0.32 per share, payable on February 24, 2021 to shareholders recorded by February 17, 2021. This represents a $0.02 increase from the previous quarter and the first quarter of 2020. The bank operates over 60 locations in the Greater Washington, D.C. area, providing a wide range of commercial, retail, and mortgage banking services.

Positive

• Dividend increase of $0.02 per share, signaling investor confidence.
• Sustainable payout reflects the bank's financial health.

Negative

• None.

OLNEY, Md., Jan. 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 February 24, 2021 to shareholders of record on February 17, 2021. This dividend is an increase of $0.02 over the previous linked quarter and the first 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 declared by Sandy Spring Bancorp (SASR)?

Sandy Spring Bancorp declared a dividend of $0.32 per share.

When will the dividend be paid to shareholders of SASR?

The dividend will be paid on February 24, 2021.

What is the record date for the SASR dividend?

The record date for the dividend is February 17, 2021.

Has the dividend increased for Sandy Spring Bancorp (SASR)?

Yes, the dividend has increased by $0.02 compared to the previous linked quarter.