Preferred Bank (PFBC) Raises Quarterly Dividend 20% to $0.18; 1.4% Yield

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Preferred Bank Increases Quarterly Cash Dividend

December 23, 2016 8:30 AM EST

LOS ANGELES, Dec. 23, 2016 (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 $0.18 per share, representing an increase of $0.03 or 20% increase over the prior quarter. The dividend is payable on January 20, 2017 to holders of record on January 6,... More