Bank Of Marin Bancorp (BMRC) Raises Quarterly Dividend 9.1% to $0.24; 1.9% Yield

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Go back to Bank Of Marin Bancorp (BMRC) Raises Quarterly Dividend 9.1% to $0.24; 1.9% Yield

Bank of Marin Bancorp Announces Increase in Cash Dividend

October 19, 2015 8:01 AM EDT

Increase follows third quarter earnings of $4.8 Million

NOVATO, Calif.--(BUSINESS WIRE)-- Bank of Marin Bancorp, "Bancorp" (NASDAQ: BMRC), parent company of Bank of Marin, announced that on October 16, 2015, its Board of Directors approved a quarterly cash dividend of $0.24 per share, a $0.02 increase from the prior quarter. The cash dividend is payable to shareholders of record at the close of business on October 30, 2015 and will be payable on November 6, 2015.

The increase in our dividend this quarter reflects our continued strong performance and our optimism for the future of the Bank,... More