Eagle Bancorp (EGBN) Declares $0.22 Quarterly Dividend; Approves New Share Repurchase Program

Eagle Bancorp (NASDAQ: EGBN) declared a quarterly dividend of $0.22 per share, or $0.88 annualized.

The dividend will be payable on February 1, 2021, to stockholders of record on January 8, 2021, with an ex-dividend date of January 7, 2021.

The annual yield on the dividend is 2.2 percent.

Additionally, the Board of Directors adopted a new share repurchase program to take effect starting January 1, 2021, after the expiration of the current repurchase program on December 31, 2020. The Board of Directors authorized the repurchase of 1,588,848 shares of common stock, or approximately 5% of the Company’s outstanding shares of common stock, under the new repurchase program, which will expire on December 31, 2021, subject to earlier termination of the program by the Board of Directors. After lifting the suspension on the 2020 share repurchase program in the third quarter of 2020 and the repurchase of the remaining authorized 458,069 shares at a weighted average price of $37.72, the Company had 31,780,197 shares outstanding as of December 16, 2020.

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

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