UPDATE: People's Utah Bancorp (PUB) Raises Quarterly Dividend 11.1% to $0.1; 1.2% Yield

People's Utah Bancorp (NASDAQ: PUB) declared a quarterly dividend of $0.1 per share, or $0.4 annualized. This is an 11.1% increase from the prior dividend of $0.09.

The dividend will be payable on May 14, 2018, to stockholders of record on May 7, 2018, with an ex-dividend date of May 4, 2018.

The annual yield on the dividend is 1.2 percent.

“2017 was a transformational year for us as we successfully completed the acquisition, conversion, and integration of both the Utah branch locations from Banner Bank and Town & Country Bank. These two transactions expanded our footprint throughout Utah and southern Idaho,” said Len Williams, President and Chief Executive Officer. “With these two transactions behind us, we believe that we can continue to grow our business organically and diversify our loan portfolio. We are excited about our prospects to expand our commercial and industrial lending to small and medium sized businesses, particularly in the Salt Lake City metro markets.”

For a dividend history and other dividend-related data on People's Utah Bancorp (PUB) click here.

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