NBT Bancorp (NBTB) Raises Quarterly Dividend 4% to $0.26; 2.9% Yield

NBT Bancorp (NASDAQ: NBTB) declared a quarterly dividend of $0.26 per share, or $1.04 annualized. This is a 4% increase from the prior dividend of $0.25.

The dividend will be payable on December 14, 2018, to stockholders of record on November 30, 2018, with an ex-dividend date of November 29, 2018.

The annual yield on the dividend is 2.9 percent.

“For the third quarter and through the first nine months of the year, we have achieved record net income and earnings per share,” said NBT President and CEO John H. Watt. Jr. “These results reflect the continuing efforts of our team to drive organic growth in loans and deposits and to grow our fee-based businesses while making important and ongoing technology investments that enable NBT to continually enhance the customer experience and create long-term shareholder value. Our ability to successfully manage deposit costs in a rising rate environment and to maintain strong asset quality is fundamental to our business. We are also pleased to announce a 4% increase to the quarterly dividend to $0.26 per share. Combined with the dividend increase we announced earlier this year, this represents a 13% increase in our quarterly dividend in 2018.”

For a dividend history and other dividend-related data on NBT Bancorp (NBTB) click here.

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