Banner Corp. (BANR) Raises Dividend 40% to $0.35, 0.6% Yield; Board Renews 5% Max Share Buyback

Banner Corp. (NASDAQ: BANR) declared a special dividend of $0.35 per share. This is a 40% increase from the prior dividend of $0.25.

The dividend will be payable on April 19, 2018, to stockholders of record on April 10, 2018, with an ex-dividend date of April 20, 2018.

The annual yield on the dividend is 0.6 percent.

Banner also announced that its Board of Directors has renewed its authorization to repurchase up to 5% of its common stock, or 1,621,549 shares. “We believe having the option to repurchase shares offers an effective capital management tool for building long-term shareholder value,” said Mark J. Grescovich, Banner’s President and Chief Executive Officer.

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

You May Also Be Interested In

• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Old Republic (ORI) Declares $0.315 Quarterly Dividend; 2.9% Yield
• Xylem (XYL) Declares $0.43 Quarterly Dividend; 1.4% Yield