Preferred Bank (PFBC) Raises Quarterly Dividend 7.1% to $0.75; 3.4% Yield

Go back to Preferred Bank (PFBC) Raises Quarterly Dividend 7.1% to $0.75; 3.4% Yield

Preferred Bank Announces Dividend Increase

December 26, 2024 4:04 PM EST

LOS ANGELES, Dec. 26, 2024 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the largest independent commercial banks in California, today reported that the Board of Directors has increased the quarterly cash dividend to $0.75 per share from the previous $0.70 per share, an increase of 7.1%. The dividend is payable on January 23, 2025 to holders of record on January 9, 2025.

About Preferred Bank

Preferred... More