Prosperity Bancshares hikes dividend by 5.8%

On October 19, 2022, Prosperity Bancshares (PB) announced that it will raise its quarterly dividend by 5.8 percent to $0.55 per share in 2022. This marks the 23rd consecutive year of annual dividend increases.

The next PB dividend is payable January 3, 2023, to shareholders of record as of December 15, 2022.  The fourth quarter dividend represents an increase of $0.03 per share, or 5.77%, from the prior quarter.

Prosperity Bancshares, Inc. is a financial holding company. Through its bank subsidiary, Prosperity Bank, the company provides a range of financial products and services to small and medium-sized businesses and consumers. The company operates full service banking locations in Texas and Oklahoma.