The bank increased its dividend by 3.8% to $0.27, marking a yield of 2.59% for shareholders of record.
Sierra Bancorp announced a 3.8% increase in its quarterly dividend to $0.27 per share, up from $0.26 previously. The move reflects the bank’s confidence in sustained earnings growth and capital position.
The prior dividend stood at $0.26, with the new payout representing a modest but consistent upward adjustment. The forward yield on the dividend is now 2.59%, aligning with regional bank peers.
The dividend is payable on August 10 to shareholders of record as of August 3, with an ex-dividend date set for August 3.