Suffolk Bancorp (SUBK) Raises Quarterly Dividend 67% to $0.10; 1.4% Yield

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Go back to Suffolk Bancorp (SUBK) Raises Quarterly Dividend 67% to $0.10; 1.4% Yield

Suffolk Bancorp Announces 67% Increase in Quarterly Cash Dividend

July 29, 2015 8:39 AM EDT

RIVERHEAD, N.Y., July 29, 2015 (GLOBE NEWSWIRE) -- Suffolk Bancorp (the Company) (NASDAQ: SUBK), parent company of Suffolk County National Bank (the Bank), announced that its Board of Directors today declared a quarterly cash dividend of $0.10 per share on its common stock. The dividend will be payable on August 26, 2015 to shareholders of record as of August 12, 2015. This cash dividend represents a 67% increase from the dividend paid in each of the last four quarters. Based on the July 28, 2015 closing price of $29.20 per share, the annualized dividend yield on the Companys common stock would be 1.37%.

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