SI Financial Group (SIFI) Raises Quarterly Dividend 20% to $0.06; 1.6% Yield

SI Financial Group (NASDAQ: SIFI) 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 February 26, 2018, to stockholders of record on February 5, 2018, with an ex-dividend date of February 2, 2018.

The annual yield on the dividend is 1.6 percent.

“We look forward to the economic growth and positive impact on capital investment that should result from the new tax reform legislation. The tax savings we will recognize allows us to increase the hourly wages for a substantial portion of our employees, along with increasing our cash dividend to shareholders. In keeping with the spirit and intent of the revised tax code, we appreciate the opportunity to pass along a portion of the tax savings to those employees who find themselves at the lower end of the pay scale. Additionally, we are pleased to distribute a portion of the tax savings to our shareholders in the form of a higher quarterly dividend,” stated Rheo Brouillard, President and Chief Executive Officer.

For a dividend history and other dividend-related data on SI Financial Group (SIFI) click here.

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