S&T Bancorp, Inc. Declares Dividend

Rhea-AI Summary

The Board of Directors of S&T Bancorp declared a $0.28 per share cash dividend, reflecting a 3.7% increase from last year's $0.27 dividend. This annualized yield, based on the July 27, 2020 closing price of $22.93, stands at 4.9%. The dividend is payable on August 27, 2020, to shareholders of record as of August 13, 2020. S&T Bancorp, with a market capitalization of $9.0 billion, operates in five markets across Pennsylvania and Ohio and has been recognized for customer satisfaction in retail banking.

Positive

• Increase in dividend from $0.27 to $0.28 per share demonstrates a commitment to returning value to shareholders.
• Annualized yield of 4.9% indicates strong returns for investors.

Negative

• None.

INDIANA, Pa., July 28, 2020 /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, declared a $0.28 per share cash dividend at its regular meeting held July 27, 2020. This is an increase of 3.7 percent compared to a common stock dividend of $0.27 per share declared in the same period in the prior year. The annualized yield using the July 27, 2020 closing price of $22.93 is 4.9 percent. The dividend is payable August 27, 2020 to shareholders of record on August 13, 2020.

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

S&T Bancorp, Inc. is a $9.0 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 recently ranked #1 in customer satisfaction with retail banking in the Mid-Atlantic including best in communication and advice by  J.D. Power. Established in 1902, S&T Bank operates in five markets including Western Pennsylvania, Eastern Pennsylvania, Northeast Ohio, Central Ohio, and Upstate New York. 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 dividend amount declared by S&T Bancorp?

S&T Bancorp declared a dividend of $0.28 per share.

When will the dividend be paid by S&T Bancorp?

The dividend will be paid on August 27, 2020.

What is the record date for S&T Bancorp's dividend?

The record date for the dividend is August 13, 2020.

What was the dividend increase percentage for S&T Bancorp?

The dividend increased by 3.7% compared to the previous year.

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

The annualized yield is 4.9%, based on the closing price of $22.93 on July 27, 2020.