S&T Bancorp Inc. Declares Dividend

Rhea-AI Summary

S&T Bancorp Inc. (STBA) has declared a cash dividend of $0.33 per share, representing a 3.13% increase from the prior year. The annualized yield stands at 4.24%, with a record date of May 9, 2024, and a payment date of May 23, 2024.

Positive

• Increase in cash dividend by 3.13% compared to the previous year
• Annualized yield of 4.24% based on closing price of $31.15 on April 23, 2024
• Record date for shareholders on May 9, 2024, and payment date on May 23, 2024

Negative

• None.

INDIANA, Pa., April 24, 2024 /PRNewswire/ -- The board of directors of S&T Bancorp Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, approved a $0.33 per share cash dividend on April 24, 2024. This is an increase of $0.01, or 3.13 percent, compared to a cash dividend of $0.32 in the same period in the prior year. The annualized yield using the April 23, 2024, closing price of $31.15 is 4.24 percent. The dividend is payable May 23, 2024, to shareholders of record on May 9, 2024.

About S&T Bancorp Inc. and S&T Bank

S&T Bancorp Inc. is a $9.5 billion bank holding company that is headquartered in Indiana, Pennsylvania, and trades on the NASDAQ Global Select Market under the symbol STBA. Its principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio. S&T Bank was named by Forbes as a 2023 Best-in-State Bank. For more information, visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

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SOURCE S&T Bancorp, Inc.

FAQ

What is the cash dividend declared by S&T Bancorp Inc. (STBA)?

S&T Bancorp Inc. (STBA) has declared a cash dividend of $0.33 per share.

What is the percentage increase in the cash dividend compared to the prior year for S&T Bancorp Inc. (STBA)?

The cash dividend for S&T Bancorp Inc. (STBA) has increased by 3.13% from the previous year.

What is the annualized yield based on the closing price of $31.15 for S&T Bancorp Inc. (STBA)?

The annualized yield for S&T Bancorp Inc. (STBA) is 4.24%.

When is the payment date for the declared dividend by S&T Bancorp Inc. (STBA)?

The dividend declared by S&T Bancorp Inc. (STBA) is payable on May 23, 2024.

When is the record date for shareholders to receive the dividend from S&T Bancorp Inc. (STBA)?

Shareholders of S&T Bancorp Inc. (STBA) must be recorded on May 9, 2024, to receive the dividend.