Sierra Bancorp Declares Quarterly Cash Dividend
October 18 2019 - 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 $0.19 per share. This is the same as the
dividend paid last quarter, but represents an increase of $0.03 per
share, or 19%, relative to quarterly dividends paid last year. The
dividend was approved subsequent to the Board’s review of the
Company’s financial performance and capital strength for the
quarter ended September 30, 2019, and will be paid on November 14,
2019 to shareholders of record as of October 31, 2019. 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 thereafter. The dividend noted
in today’s announcement marks the Company’s 83rd consecutive
quarterly cash dividend.
Sierra Bancorp is the holding company for Bank of the Sierra
(www.bankofthesierra.com), which is in its 42nd year of operations
and is the largest independent bank headquartered in the South San
Joaquin Valley. Bank of the Sierra is a community-centric regional
bank, which offers a broad range of retail and commercial banking
services through full-service branches located within the counties
of Tulare, Kern, Kings, Fresno, Los Angeles, Ventura, San Luis
Obispo and Santa Barbara. The Bank also maintains an online branch,
and provides specialized lending services through an agricultural
credit center and an SBA center. In 2019, Bank of the Sierra was
recognized as one of the strongest and top-performing community
banks in the country with a 5-star rating from Bauer Financial.
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/20191018005040/en/
Kevin McPhaill, President/Chief Executive Officer Phone: (559)
782-4900 or (888) 454-BANK Website Address:
www.sierrabancorp.com
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