Sierra Bancorp Declares Quarterly Cash Dividend
October 19 2018 - 8:01AM
Business Wire
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 $0.16 per share. The dividend, which
will be paid on November 15, 2018 to shareholders of record as of
November 1, 2018, was approved subsequent to the Board’s review of
the Company’s financial performance and capital strength for the
quarter ended September 30, 2018. Counting dividends paid by Bank
of the Sierra prior to the formation of Sierra Bancorp, the Company
has paid regular cash dividends to shareholders every year since
1987, comprised of annual dividends through 1998 and quarterly
dividends since then. The dividend noted in today’s announcement
marks the Company’s 79th consecutive quarterly cash dividend.
Sierra Bancorp is the holding company for Bank of the Sierra
(www.bankofthesierra.com), which is in its 41st year of operations
and is the largest independent bank headquartered in California's
South San Joaquin Valley. Bank of the Sierra is a community-centric
regional bank, which delivers a broad range of retail and
commercial banking services through a network of full-service
branches located in the counties of Tulare, Kern, Kings, Fresno,
Los Angeles, Ventura, San Luis Obispo, and Santa Barbara. The Bank
also maintains a cyber branch, and offers specialized credit
services through Agricultural, SBA, and Real Estate Industries loan
centers.
Forward-Looking
Statements
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 Company’s ability to maintain
current dividend payments or increase dividend payouts to
shareholders, the Company’s ability to generate adequate 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181019005061/en/
Sierra BancorpKevin McPhaill, 559-782-4900 or
888-454-BANKPresident/Chief Executive
Officerwww.sierrabancorp.com
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