Sierra Bancorp Declares Quarterly Cash Dividend
October 17 2008 - 6:38AM
PR Newswire (US)
PORTERVILLE, Calif., Oct. 17 /PRNewswire-FirstCall/ -- Sierra
Bancorp (NASDAQ:BSRR), parent of Bank of the Sierra, today
announced that its Board of Directors declared a regular quarterly
cash dividend of $0.17 per share subsequent to the Board's review
of the Company's preliminary third 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 November 12, 2008 to shareholders of
record as of October 29, 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 May 2008, Sierra Bancorp was
recognized by U.S. Banker magazine as the best performing mid-tier
bank in the nation based on 2007 return on equity, and the 6th bank
overall based on 3-year average 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.
http://www.sierrabancorp.com/ DATASOURCE: Sierra Bancorp CONTACT:
Ken Taylor, EVP|CFO, or Kevin McPhaill, EVP|Chief Banking Officer,
both of Sierra Bancorp, +1-559-782-4900, 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