Banner Corporation (BANR) Declares $0.18 Quarterly Dividend; Approves 5% Buyback Plan

Banner Corporation (NASDAQ: BANR) declared a quarterly dividend of $0.18 per share, or $0.72 annualized.

The dividend will be payable on April 15, 2015, to stockholders of record on April 6, 2015, with an ex-dividend date of April 1, 2015.

The annual yield on the dividend is 1.6 percent.

Additionally, Banner Corporation announced that its Board of Directors has authorized the repurchase of up to 5% of its common stock, or 1,044,922 shares. Under the plan, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.

For a dividend history and other dividend-related data on Banner Corporation (BANR) click here.

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