Sterling Bancorp Declares Quarterly Dividend on Preferred Stock

Rhea-AI Summary

Sterling Bancorp (NYSE: STL) has declared a quarterly cash dividend of $16.25 per share on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). This dividend will be paid on October 15, 2021, to shareholders of record as of September 24, 2021. The company focuses on delivering banking solutions to business owners and consumers through experienced relationship managers.

Positive

• Quarterly cash dividend of $16.25 per share declared.
• Dividend payment demonstrates financial stability and commitment to shareholders.

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• None.

PEARL RIVER, N.Y., July 30, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE: STL), the parent company of Sterling National Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA). The dividend is payable on October 15, 2021 to shareholders of record as of September 24, 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

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 for Sterling Bancorp (STL)?

Sterling Bancorp (STL) has declared a quarterly cash dividend of $16.25 per share.

When will the dividend be paid by Sterling Bancorp (STL)?

The dividend will be payable on October 15, 2021.

What is the record date for Sterling Bancorp's dividend?

The record date for the dividend is September 24, 2021.

How often does Sterling Bancorp pay dividends?

Sterling Bancorp pays dividends quarterly.

What type of stock is the dividend associated with for Sterling Bancorp?

The dividend is declared on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE: STLPRA).