Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Summary

Sterling Bancorp (NYSE: STL) has declared a quarterly cash dividend of $0.07 per share, payable on August 17, 2020, to shareholders on record as of August 3, 2020. This decision reflects the company's ongoing commitment to returning value to its shareholders. Sterling Bancorp, operating through its subsidiary Sterling National Bank, provides a range of banking products and services, focusing on supporting business owners and consumers in its communities.

Positive

• Quarterly cash dividend declared at $0.07 per share
• Dividend payment date set for August 17, 2020
• Reflects commitment to shareholder value

Negative

• None.

MONTEBELLO, N.Y., July 22, 2020 (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 August 17, 2020 to holders of record as of August 3, 2020.

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, SVP – Director of Investor Relations
212.309.7646

Sterling Bancorp
400 Rella Boulevard
Montebello, NY 10901-4243

T 845.369.8040
F 845.369.8255

http://www.sterlingbancorp.com

FAQ

What is the dividend amount declared by Sterling Bancorp?

Sterling Bancorp has declared a cash dividend of $0.07 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on August 17, 2020.

What is the record date for the dividend?

The record date for the dividend is August 3, 2020.

Is the dividend sustainable for Sterling Bancorp?

While the press release does not indicate sustainability concerns, regular dividend declarations typically suggest a stable income for shareholders.