Sierra Bancorp Declares Quarterly Cash Dividend
April 18 2008 - 7:37AM
PR Newswire (US)
PORTERVILLE, Calif., April 18 /PRNewswire-FirstCall/ -- Sierra
Bancorp (NASDAQ:BSRR), parent of Bank of the Sierra, today
announced that its Board of Directors has declared a regular
quarterly cash dividend of $0.17 per share, which is the same as
the dividend paid last quarter but represents a 13% increase
relative to the $0.15 quarterly dividend paid a year ago. The
dividend will be paid on May 15, 2008 to shareholders of record as
of May 1, 2008. Sierra Bancorp is the holding company for Bank of
the Sierra (http://www.bankofthesierra.com/), which is in its 31st
year of operations and is the largest independent bank
headquartered in the South San Joaquin Valley. The Company has over
$1.2 billion in total assets and currently maintains 21 branch
offices, an agricultural credit center, an SBA center, and an
online "virtual" branch. In January 2008, Sierra Bancorp was
recognized as the 2nd best performing mid-tier bank in the nation
and the 6th bank overall by U.S. Banker magazine, based on return
on equity. The statements contained in this release that are not
historical facts are forward-looking statements based on
management's current expectations and beliefs concerning future
developments and their potential effects on the Company. Readers
are cautioned not to unduly rely on forward looking statements.
Actual results may differ from those projected. These
forward-looking statements involve risks and uncertainties
including but not limited to the bank's ability to maintain current
dividend payments or increase dividend payouts to shareholder, its
ability to continue to generate record financial results, changes
in economic conditions, interest rates and loan portfolio
performance, and other factors detailed in the Company's SEC
filings. Sierra Bancorp undertakes no responsibility to update or
revise any forward-looking statements. DATASOURCE: Sierra Bancorp
CONTACT: Ken Taylor, EVP-CFO, or Kevin McPhaill, EVP-Chief Banking
Officer, both of Sierra Bancorp, +1-559-782-4900 or 1-888-454-BANK
Web site: http://www.bankofthesierra.com/
http://www.sierrabancorp.com/
Copyright
Sierra Bancorp (NASDAQ:BSRR)
Historical Stock Chart
From May 2024 to Jun 2024
Sierra Bancorp (NASDAQ:BSRR)
Historical Stock Chart
From Jun 2023 to Jun 2024