Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Summary

Sterling Bancorp (NYSE: STL) has announced a quarterly cash dividend of $0.07 per share, set to be paid on February 16, 2021, to shareholders recorded by February 1, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders and maintaining robust financial practices. As a provider of commercial and consumer banking solutions, Sterling aims to support its clients through dedicated management teams.

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• Quarterly cash dividend of $0.07 per share announced.
• Dividend reflects commitment to returning value to shareholders.

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• None.

PEARL RIVER, N.Y., Jan. 20, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable February 16, 2021 to holders of record as of February 1, 2021.

About Sterling Bancorp

Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com.

STERLING BANCORP CONTACT:

Emlen Harmon, Senior Managing Director -  Investor Relations

212.309.7646

FAQ

What is the dividend amount for Sterling Bancorp (STL)?

The dividend amount for Sterling Bancorp (STL) is $0.07 per share.

When will the dividend be paid for STL?

The dividend for STL will be paid on February 16, 2021.

What is the record date for the STL dividend?

The record date for the STL dividend is February 1, 2021.