Banner Corp. (BANR) Raises Quarterly Dividend 7.9% to $0.41; 3.1% Yield

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Banner Corporation Increases Quarterly Cash Dividend by 8% to $0.41 Per Share, Renews Stock Repurchase Program and Schedules 1Q19 Conference Call and Webcast

March 27, 2019 9:01 AM EDT

WALLA WALLA, Wash., March 27, 2019 (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 8% to $0.41 per share.  The dividend will be payable April 18, 2019, to common shareholders of record on April 9, 2019. 

Banner also announced that its Board of Directors has renewed its authorization to repurchase up to 5% of its common stock, or 1,757,637 shares.  We believe having the option to repurchase shares offers a means for building long-term value for... More