S&T BANCORP, INC. DECLARES DIVIDEND

Rhea-AI Summary

The Board of Directors of S&T Bancorp, Inc. (NASDAQ: STBA) announced a cash dividend of $0.30 per share, marking a 7.1% increase from the $0.28 per share dividend declared last year. This dividend will be payable on August 18, 2022, to shareholders of record by August 4, 2022. Based on the closing price of $27.94 on July 18, 2022, the annualized yield stands at 4.3%. S&T Bancorp operates in five key markets, including Pennsylvania and Ohio, and has been recognized for customer satisfaction.

Positive

• 7.1% increase in quarterly dividend to $0.30 per share.
• Annualized yield of 4.3% based on recent stock price.
• Recognition as a top bank in customer satisfaction by J.D. Power.

Negative

• None.

INDIANA, Pa., July 19, 2022 /PRNewswire/ -- The Board of Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, with operations in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York, approved a $0.30 per share cash dividend on July 18, 2022. This is an increase of $0.02, or 7.1 percent, compared to a common stock dividend of $0.28 per share declared in the same period in the prior year. The annualized yield using the July 18, 2022 closing price of $27.94 is 4.3 percent. The dividend is payable August 18, 2022 to shareholders of record on August 4, 2022.

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

S&T Bancorp, Inc. is a $9.4 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 five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio and Upstate New York. S&T Bank was recently named by Forbes as a 2022 Best-in-State Bank. S&T Bank also received the highest ranking in customer satisfaction for retail banking in the Pennsylvania region by J.D. Power.  For more information visit stbancorp.com or stbank.com. Follow us on Facebook, Instagram and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-bancorp-inc-declares-dividend-301589292.html

SOURCE S&T Bancorp, Inc.

FAQ

What is the dividend amount declared by S&T Bancorp (STBA)?

S&T Bancorp declared a dividend of $0.30 per share.

When is the dividend payable for STBA shares?

The dividend is payable on August 18, 2022.

What was the previous dividend amount for STBA?

The previous dividend amount was $0.28 per share.

What is the annualized yield for S&T Bancorp's dividend?

The annualized yield is 4.3% based on the closing price of $27.94.