Preferred Bank hikes dividend by 27.3%

-

On December 14, 2023, Preferred Bank (PFBC) announced a new quarterly dividend of $0.70 per share. This comes after a 27.9% dividend hike in 2022.

Preferred Bank is a commercial bank headquartered in California, conducting its banking business from its main office in Los Angeles, California, and through eleven full-service branch banking offices in California and one branch in Flushing, New York. In addition, the Bank operates a loan production office in the Houston suburb of Sugar Land, Texas. Preferred Bank offers a broad range of deposit and loan products and services to both commercial and consumer customers.  The Bank provides personalized deposit services as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses, entrepreneurs, real estate developers, professionals and high net worth individuals. Although originally founded as a Chinese-American Bank, Preferred Bank now derives most of its customers from the diversified mainstream market but does continue to benefit from the significant migration to California of ethnic Chinese from China and other areas of East Asia. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals.

Recent posts on dividendtrackrecords.com

Dimeco hikes dividend by 5%

-
On December 19, 2024, the Board of Directors of Dimeco, Inc. (DIMC) announced a quarterly dividend of $0.42 per share, marking a 5% increase from the previous dividend of $0.40 declared in September 2024. This adjustment represents an annual dividend payout of $1.62 per share, an $0.08 increase compared to the dividends declared in 2023.
Read more

Pentair hikes dividend by 8.7%

-
Pentair (PNR) , a global water solutions company, has announced an 8.7% increase to its quarterly dividend, raising it to $0.25 per share. At the current stock price of $105.49, this results in a dividend yield of 0.85%. The company’s annual dividend payout now rises to $165 million.
Read more