Stellar Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Stellar Bancorp (NYSE: STEL) has announced a quarterly cash dividend of $0.14 per share of common stock. The dividend will be payable on March 31, 2025, to shareholders who are recorded in the company's books at the close of business on March 17, 2025.

Positive

• Maintaining regular quarterly dividend payments
• Consistent shareholder returns through cash distributions

Negative

• None.

HOUSTON--(BUSINESS WIRE)-- Stellar Bancorp, Inc. (the “Company”) (NYSE: STEL) announced today that its Board of Directors declared a quarterly cash dividend of $0.14 per share of common stock payable on March 31, 2025, to the shareholders of record at the close of business on March 17, 2025.

About Stellar Bancorp, Inc.

Stellar Bancorp, Inc. is a bank holding company headquartered in Houston, Texas. The Company’s principal banking subsidiary, Stellar Bank, provides a diversified range of commercial banking services primarily to small- to medium-sized businesses and individual customers across the Houston, Dallas, Beaumont and surrounding communities in Texas.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, the Company does not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning the Company’s plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as “anticipates,” “believes,” “building,” “continue,” “could,” “drive,” “estimates,” “expects,” “extent,” “focus,” “forecasts,” “goal,” “guidance,” “intends,” “may,” “might,” “outlook,” “plan,” “position,” “probable,” “progressing,” “projects,” “prudent,” “seeks,” “should,” “target,” “view,” “will” or “would” or the negative of these words and phrases or similar words or phrases. For a list of factors that could cause actual results to differ materially from those set forth in the forward-looking statements, see the risk factors described in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250226412907/en/

IR@stellar.bank

Source: Stellar Bancorp, Inc.

FAQ

What is the dividend amount for Stellar Bancorp (STEL) in Q1 2025?

Stellar Bancorp's quarterly dividend is $0.14 per share for Q1 2025.

When is the ex-dividend date for STEL's Q1 2025 dividend?

The record date is March 17, 2025, so the ex-dividend date would be one business day before.

When will Stellar Bancorp (STEL) pay its Q1 2025 dividend?

The dividend payment date is March 31, 2025.

Who is eligible to receive STEL's March 2025 dividend payment?

Shareholders of record at the close of business on March 17, 2025.