Pacific Premier Bancorp (PPBI) Raises Quarterly Dividend 10% to $0.33; 3% Yield

Pacific Premier Bancorp (NASDAQ: PPBI) declared a quarterly dividend of $0.33 per share, or $1.32 annualized. This is a 10% increase from the prior dividend of $0.30.

The dividend will be payable on May 14, 2021, to stockholders of record on May 7, 2021, with an ex-dividend date of May 6, 2021.

The annual yield on the dividend is 3 percent.

“Given our consistent financial performance and our increasing confidence in the outlook for earnings growth as the economy strengthens, we have increased our common stock dividend to $0.33 per share, from $0.30 per share in the prior quarter. With our strong capital ratios, we are able to increase the capital returned to our shareholders through the dividend payout, while also being well positioned to support continued organic growth and execute on strategic transactions that we believe would further enhance the value of our franchise,” said Mr. Gardner.

For a dividend history and other dividend-related data on Pacific Premier Bancorp (PPBI) click here.

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