Preferred Bank (PFBC) Raises Quarterly Dividend 25% to $0.15; 1.8% Yield

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Go back to Preferred Bank (PFBC) Raises Quarterly Dividend 25% to $0.15; 1.8% Yield

Preferred Bank Announces Dividend Increase of 25%

December 17, 2015 9:00 AM EST

LOS ANGELES, Dec. 17, 2015 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), an independent commercial bank focusing on the diversified California market, today reported that the Board of Directors has declared a quarterly cash dividend of $0.15 per share payable on January 21, 2016 to holders of record on January 7, 2016. This represents an increase of 25% over the previous quarterly cash dividend of $0.12 per share.

We are pleased that our strong financial... More