Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share

Rhea-AI Summary

Sterling Bancorp (NYSE: STL) declared a quarterly cash dividend of $0.07 per share, payable on May 14, 2021, to shareholders of record as of April 30, 2021. This move indicates the company's commitment to providing returns to its shareholders amidst its operations in commercial and consumer banking. Sterling National Bank, the principal subsidiary, focuses on delivering tailored banking solutions to businesses and consumers in its communities.

Positive

• Quarterly cash dividend of $0.07 per share indicates shareholder returns.

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• None.

PEARL RIVER, N.Y., April 19, 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 May 14, 2021 to holders of record as of April 30, 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, SVP – Director of Investor Relations
212.309.7646

Sterling Bancorp
Two Blue Hill Plaza, Second Floor
Pearl River, NY 10965

T 845.369.8040
F 845.369.8255

http://www.sterlingbancorp.com

FAQ

What is the dividend amount declared by Sterling Bancorp (STL)?

Sterling Bancorp declared a dividend of $0.07 per share.

When is the dividend payment date for STL shareholders?

The dividend is payable on May 14, 2021.

What is the record date for the recent dividend by Sterling Bancorp?

The record date for the dividend is April 30, 2021.

How often does Sterling Bancorp pay dividends?

Sterling Bancorp typically pays dividends quarterly.

Is the dividend sustainable for Sterling Bancorp (STL)?

The announcement implies confidence in sustaining dividends, but ongoing performance should be monitored.