Tag: banks
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Bank OZK (OZK) raises dividen 2.7%, its 54th consecutive quarterly increase
Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.38 per share, up $0.01, or 2.70% from the prior quarter. The common stock dividend is payable on January 23, 2024 to shareholders of record as of January 16, 2024. Bank OZK has increased its quarterly cash dividend on its common stock…
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Arrow Financial increases quarterly dividend by 3%, its 41st consecutive quarterly dividend
The Board of Directors of Arrow Financial Corporation (NasdaqGS® – AROW) on July 26, 2023, declared a quarterly cash dividend of $0.27 per share payable September 15, 2023 to shareholders of record on September 1, 2023. This represents a 3% increase over the cash dividend paid in the third quarter of 2022, as a result…
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Community Trust Bancorp raises dividend by 4.5%, its 43rd straight year of dividend growth
On July 25, 2023, the Board of Directors of Community Trust Bancorp, Inc. (NASDAQ: CTBI) increased its quarterly cash dividend to $0.46 per share beginning with the October 1, 2023 payment to shareholders of record on September 15, 2023. This represents an increase of 4.5% in the quarterly cash dividend. “We are pleased to have…
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Community Bank System announces 2.3% increase in dividend
Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock. The dividend will be payable on October 10, 2023 to shareholders of record as of September 15, 2023. The $0.45 cash dividend represents a $0.01, or 2.27%, increase and an…
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Fed’s moves continue to harm community banks
One size fits all approach to anything saves some but kills others. So goes the Federal Reserve’s policy of continually raising interest rates in an effort to curb inflation. While the “too big to fail” banks get plenty of help from the federal government small institutions struggle to compete. Hopefully the fed can slow down…
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CIT Bank offers safe 4.75% yield savings account
This is not a sponsored post. I’m a CIT Bank customer and received a promotional e-mail today regarding this new high yield account. I thought I’d pass it along. If you have $5,000 or more you’re looking to keep safe in an account that’s earning next to nothing. CIT Bank is offering a 4.75% APY…