SVB&T Corporation, Parent Company of Springs Valley Bank & Trust Company, Declares Quarterly Dividend

Rhea-AI Summary

SVB&T Corporation (OTCQX:SVBT) announced a quarterly dividend of $0.16 per share, to be paid on or about July 15, 2022, for shareholders of record as of June 15, 2022. This dividend reflects an 18.52% annualized increase compared to the previous fiscal year, adjusted for the recent stock split.

The company operates Springs Valley Bank & Trust Company, offering a variety of financial services in multiple counties.

Positive

• Quarterly dividend declared at $0.16 per share.
• 18.52% annualized increase in dividends compared to 2021.

Negative

• None.

JASPER, IN / ACCESSWIRE / May 18, 2022 / SVB&T Corporation (OTCQX:SVBT), the parent company of Springs Valley Bank & Trust Company, announced that its Board of Directors declared a quarterly dividend of $0.16 per share (post stock split) of the Corporation's common stock. The quarterly dividend is payable on or about July 15, 2022 to shareholders of record as of the close of business on June 15, 2022.

The dividend declared is an 18.52% annualized increase (adjusted for the stock split that occurred in March 2022) over the total dividend declared for the 2021 fiscal year.

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For more information contact: Ryan Heim, Treasurer & CFO, SVB&T Corporation, at 812.634.4889 or rheim@svbt.com.

SVB&T Corporation is headquartered at 8482 West State Road 56, French Lick, Indiana 47432 with administrative offices at 1500 Main Street, Jasper, Indiana 47546. Its subsidiary, Springs Valley Bank & Trust Company, has locations in Dubois, Daviess, Gibson, and Orange Counties, offering full-service bank and financial services. Springs Valley has products and services for all types of families and businesses, including checking and savings accounts, certificates of deposit, electronic services, online consumer and mortgage applications and a variety of other loan options. In addition, the company has a full-service financial advisory group managed by experienced, talented professionals specializing in estate planning, tax planning and wealth management. Investment Services are also offered by a licensed, professional Springs Valley representative. More information can be found online at www.svbt.bank. The company's stock is traded on the OTCQX trading platform under ticker symbol SVBT (www.otcmarkets.com).

Information conveyed in this press release regarding SVB&T Corporation's and its subsidiaries' anticipated future performance is forward-looking and therefore involves risks and uncertainties that could cause the results or developments to differ significantly from those indicated in these statements. These risks and uncertainties include, but are not limited to, risks and uncertainties inherent in general and local banking, as well as mortgage conditions, competitive factors specific to markets in which the company and its subsidiaries operate, future interest rate levels, changes in local real estate markets, legislative and regulatory decisions, capital market conditions and/or other factors.

Springs Valley Bank is a member of FDIC and is an Equal Housing Lender.

SOURCE: SVB&T Corporation

View source version on accesswire.com:
https://www.accesswire.com/701916/SVBT-Corporation-Parent-Company-of-Springs-Valley-Bank-Trust-Company-Declares-Quarterly-Dividend

FAQ

What is the dividend amount declared by SVBT Corporation?

SVBT Corporation declared a quarterly dividend of $0.16 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on or about July 15, 2022.

What is the record date for the dividend?

The record date for the dividend is June 15, 2022.

What is the significance of the 18.52% increase in dividends?

The 18.52% increase indicates a strong return for shareholders compared to the previous fiscal year.

Under what ticker is SVBT Corporation traded?

SVBT Corporation is traded under the ticker symbol SVBT on the OTCQX platform.