Stellar Bancorp Increases Quarterly Dividend

By Philip Seaworth • Friday, November 21 06:03 • Permanent Link

Stellar Bancorp, Inc. has announced an increase in its quarterly dividend, with the board of directors declaring a cash dividend of $0.15 per share of common stock. This represents a $0.01 per share increase from the previous quarterly dividend of $0.14 per common share.

This increase reflects a positive financial outlook for the company and demonstrates its commitment to delivering value to its shareholders. It also signifies potential confidence in the company's ability to generate sustainable earnings and cash flow.

Stellar Bancorp, Inc., headquartered in Houston, Texas, serves a diverse range of customers across the Houston, Dallas, Beaumont, and surrounding communities in Texas through its principal banking subsidiary, Stellar Bank. This move to raise the quarterly dividend may indicate the company's strong performance and financial health in the recent period. Following these announcements, the company's shares moved 0.9%, and are now trading at a price of $30.26. If you want to know more, read the company's complete 8-K report here.

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