Texas Community Bancshares raises its quarterly payout to $0.06, marking a 20% increase from the previous $0.05 dividend.
Texas Community Bancshares announced a 20% increase in its quarterly dividend to $0.06 per share, up from $0.05. The move reflects the bank’s confidence in sustained earnings growth and capital position.
The prior dividend stood at $0.05, with the new payout yielding 1.43% on a forward basis. Payment is scheduled for June 16 to shareholders of record as of June 2, with an ex-dividend date of June 2.
No immediate market reaction was disclosed in the announcement.