Banner Corp. (BANR) Raises Quarterly Dividend 7.9% to $0.41; 3.1% Yield

Banner Corp. (NASDAQ: BANR) declared a quarterly dividend of $0.41 per share, or $1.64 annualized. This is a 7.9% increase from the prior dividend of $0.38.

The dividend will be payable on April 18, 2019, to stockholders of record on April 9, 2019, with an ex-dividend date of April 8, 2019.

The annual yield on the dividend is 3.1 percent.

Banner also announced that its Board of Directors has renewed its authorization to repurchase up to 5% of its common stock, or 1,757,637 shares. “We believe having the option to repurchase shares offers a means for building long-term value for our shareholders,” said Mark J. Grescovich, Banner’s President and Chief Executive Officer.

Under the plan, shares may be repurchased by the Company in open market purchases. The extent to which the Company repurchases its shares and the timing of such repurchases will depend upon market conditions and other corporate considerations.

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

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