S&T Bancorp Announces Dividend Increase and New Buyback Plan
Market News

S&T Bancorp Announces Dividend Increase and New Buyback Plan

S&T Bancorp (STBA) has released an update.

S&T’s Board of Directors announced a $0.33 per share cash dividend, marking a 3.13 percent increase from the previous year, with a 3.89 percent annualized yield. It will be payable to shareholders on record as of February 8, with distribution set for February 22, 2024. Additionally, the Board initiated a new $50 million share repurchase plan to take effect immediately and run until May 30, 2025, replacing the existing one. The repurchase of shares will be conditional on market conditions and other factors, with no obligation to buy a specific number of shares.

For further insights into STBA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskS&T Bancorp Focuses on Growth and Innovation
TheFlyS&T Bancorp raises quarterly dividend to 34c per share
TipRanks Auto-Generated NewsdeskS&T Bancorp Reports Strong Q3 2024 Performance
Go Ad-Free with Our App