Prosperity Bancshares Keeps Dividend Steady
Houston-based bank holding company Prosperity Bancshares announced today its second-quarter dividend of $0.215 per share, the same rate it paid the last two quarters after raising the payout 10% from $0.195 per share.
The board of directors said the quarterly dividend is payable on July 1 to the holders of record at the close of business on June 17. The bank holding company has made quarterly cash payouts since at least 1997.
The regular dividend payment equates to an $0.86-per-share annual dividend, yielding 1.7% based on the closing price of Prosperity Bancshares' stock on June 5.
PB Dividend data by YCharts.
The article Prosperity Bancshares Keeps Dividend Steady originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
