Banner Corp. (BANR) Raises Dividend 40% to $0.35, 0.6% Yield; Board Renews 5% Max Share Buyback

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Banner Corporation Increases Quarterly Cash Dividend by 40% to $0.35 Per Share, Schedules 1Q18 Conference Call and Webcast and Renews Stock Repurchase Program

March 28, 2018 9:00 AM EDT

WALLA WALLA, Wash., March 28, 2018 (GLOBE NEWSWIRE) -- Banner Corporation (NASDAQ GSM: BANR), the parent company of Banner Bank and Islanders Bank, today announced that its Board of Directors increased its regular quarterly cash dividend by 40% to $0.35 per share.  The dividend will be payable April 19, 2018, to common shareholders of record on April 10, 2018. 

Banner also announced that its Board of Directors has renewed its authorization to repurchase up to 5% of its common stock, or 1,621,549 shares.  We believe having the option to repurchase shares offers an effective capital management tool for building long-term shareholder... More