Pacific Continental (PCBK) Raises Quarterly Dividend 20% to $0.06; Yields 2.7%; Changes Dividend Schedule

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Pacific Continental Corp (NASDAQ: PCBK) declared a quarterly dividend of $0.06 per share, or $0.24 annualized. This is a 20% increase from the prior dividend of $0.05.

The dividend will be payable on June 15, 2012, to stockholders of record on June 4, 2012, with an ex-dividend date of May 31, 2012.

The annual yield on the dividend is 2.7 percent.

Going forward, when and if declared, regular cash dividend payments will be announced simultaneously with the quarterly earnings release. Pacific Continental's board will continue to review dividend considerations so that regular cash dividends, when and if declared, will typically be paid in February, May, August and November of each year.

For a dividend history and other dividend-related data on Pacific Continental Corp (PCBK) click here.

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