Preferred Bank (PFBC) Raises Quarterly Dividend 11.1% to $0.20; 1.6% Yield

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Preferred Bank Increases Quarterly Cash Dividend

June 23, 2017 4:01 PM EDT

LOS ANGELES, June 23, 2017 (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 $0.20 per share, representing an increase of $0.02 or 11% over the previous quarterly dividend of $0.18 per share. The dividend is payable on July 21, 2017 to holders of record on... More