RENO, NV - Plumas Bancorp (NASDAQ:PLBC), a California-based financial institution, has announced a quarterly cash dividend for its shareholders. The company's Board of Directors declared the dividend of $0.27 per common share on Wednesday, which will be payable on August 15, 2024, to shareholders of record as of the close of business on August 1, 2024.
This announcement marks a continuation of the company's practice of providing returns to its shareholders and reflects its ongoing financial performance. Plumas Bancorp, which operates within the short-term business credit institutions sector, has consistently paid dividends to its shareholders, underlining its commitment to sharing its financial success.
The declaration of dividends is a common practice among publicly traded companies, serving as a way to distribute a portion of earnings back to shareholders. Dividends can be an indicator of a company's financial health and its ability to generate cash.
This information is based on a press release statement filed with the Securities and Exchange Commission on July 18, 2024. As with all investments, dividends are subject to market conditions and the company's performance, and past dividends do not guarantee future ones.
Investors and shareholders of Plumas Bancorp can anticipate the upcoming dividend distribution, which remains subject to the standard regulatory and procedural requirements. The company's shares are traded on the NASDAQ Capital Market under the ticker symbol PLBC.
For more information on Plumas Bancorp's financial performance and other corporate activities, investors are encouraged to review the company's filings with the SEC, which provide comprehensive details on its operations and financial results.
InvestingPro Insights
As Plumas Bancorp (NASDAQ:PLBC) continues to reward its shareholders with regular dividends, a look at the company's financial metrics provides further insights. According to recent data, Plumas Bancorp boasts a market capitalization of approximately $240.13 million and an attractive P/E ratio of 8.49, which may appeal to value investors looking for potentially undervalued stocks. Additionally, the company has demonstrated revenue growth of 6.25% over the last twelve months as of Q1 2024, indicating a solid top-line performance.
InvestingPro Tips highlight that Plumas Bancorp has not only maintained its dividend payments for 9 consecutive years but has also increased them over the past 3 years. This consistent dividend policy could be a sign of the company's financial stability and commitment to shareholders. Moreover, with a significant return over the last week and a robust performance over the past month, investors may find PLBC's recent price momentum to be an encouraging sign.
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