S&T BANCORP, INC. INCREASES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

S&T Bancorp, Inc. approves a $0.33 per share cash dividend, representing a 6.5% increase from the prior year. The annualized yield is 5.3%. Dividend payable on November 24, 2023.

Positive

• S&T Bancorp increases cash dividend by 6.5% compared to prior year
• Annualized yield of 5.3% offers attractive return for shareholders

Negative

• None.

INDIANA, Pa., Oct. 25, 2023 /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 October 25, 2023. This is an increase of $0.02, or 6.5 percent, compared to a cash dividend of $0.31 per share declared in the same period in the prior year. The annualized yield using the October 24, 2023 closing price of $24.99 is 5.3 percent. The dividend is payable November 24, 2023 to shareholders of record on November 9, 2023.

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 recently 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 approved by S&T Bancorp, Inc.?

S&T Bancorp, Inc. approved a $0.33 per share cash dividend.

How does the cash dividend compare to the prior year?

The cash dividend represents a 6.5% increase from the prior year.

What is the annualized yield?

The annualized yield is 5.3%.

When will the dividend be payable?

The dividend is payable on November 24, 2023.

Who are eligible to receive the dividend?

Shareholders of record on November 9, 2023 are eligible to receive the dividend.