Sierra Bancorp Declares Quarterly Cash Dividend
July 18 2008 - 2:06PM
PR Newswire (US)
PORTERVILLE, Calif., July 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, subsequent to the
Board's review of the Company's preliminary second quarter
financial results. The per share dividend is the same as last
quarter, but represents a 6% increase relative to the quarterly
dividend paid a year ago. The dividend will be paid on August 14,
2008 to shareholders of record as of July 31, 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 $1.3 billion in total
assets and currently maintains 22 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/
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