Standard Financial Corp. (STND) Declares $0.221 Quarterly Dividend; 2.8% Yield

Standard Financial Corp. (NASDAQ: STND) declared a quarterly dividend of $0.221 per share, or $0.884 annualized.

The dividend will be payable on February 19, 2019, to stockholders of record on February 4, 2019, with an ex-dividend date of February 1, 2019.

The annual yield on the dividend is 2.8 percent.

Timothy K. Zimmerman, CEO, stated, “We are pleased to report quarterly results consistent with the previous quarter. The operating results continue to reflect the impact of the flattening U.S. Treasury yield curve. Rising short term general market interest rates coupled with declining longer term rates continue to put pressure on the interest rate margin. Our focus is to generate good quality loans with returns sufficient to offset the increasing cost of deposits and borrowed funds. This is difficult due to intense competition for quality loan relationships but we have continued to produce loan volumes in line with our targets. We are happy that we have seen high asset quality throughout the past year.”

For a dividend history and other dividend-related data on Standard Financial Corp. (STND) click here.

You May Also Be Interested In

• Z Squared outlines AI power strategy and Paradox Data acquisition
• Atmus Filtration Technologies (ATMU) Raises Quarterly Dividend 9.1% to $0.06; 0.5% Yield
• Newmarket (NEU) Declares $3.00 Quarterly Dividend; 1.3% Yield