State Bank Corp. (SBAZ) Raises Annual Dividend 42.9% to $0.10; 1.6% Yield
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State Bank Corp Increases Annual Cash Dividend 43% to $0.10 Per Share
January 22, 2016 1:18 PM ESTLAKE HAVASU CITY, Ariz., Jan. 22, 2016 (GLOBE NEWSWIRE) -- State Bank Corp. (OTCQB: SBAZ), the holding company for Mohave State Bank, today announced its Board of Directors increased its annual cash dividend by 43% to $0.10 per share. The dividend will be payable February 26, 2016, to shareholders of record on February 12, 2016.Â
The increase in our dividend payment reflects our solid performance in 2015 and our confidence in the future, stated Brian M. Riley, President and CEO. This cash dividend represents a 1.64% yield based on the recent stock price.
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