Meridian Bancorp Inc. (EBSB) Raises Quarterly Dividend 14.3% to $0.08; 1.6% Yield
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Meridian Bancorp, Inc. Announces 14% Increase in Quarterly Dividend
December 5, 2019 4:05 PM ESTBOSTON, Dec. 05, 2019 (GLOBE NEWSWIRE) -- Meridian Bancorp, Inc. (the Company or Meridian) (NASDAQ: EBSB), the holding company for East Boston Savings Bank, today declared a quarterly cash dividend of $0.08 per common share, an increase of $0.01 per common share or 14%, payable on January 2, 2020 to stockholders of record at the close of business on December 19, 2019.
Richard J. Gavegnano, Chairman, President and Chief Executive Officer of the Company, said, Consistent with our commitment to enhancing stockholder value, our Board of Directors approved this 14% increase in our dividend to an... More
