PORTERVILLE, Calif. - Sierra Bancorp (NASDAQ:BSRR), the holding company for Bank of the Sierra, has declared a regular quarterly cash dividend of $0.23 per share. This recent declaration follows the Board of Directors' review of the company's financial performance and capital as of December 31, 2023. The dividend is scheduled to be paid on February 12, 2024, to shareholders who are on record as of January 31, 2024.
This dividend marks a significant milestone for Sierra Bancorp, representing its 100th consecutive quarterly cash dividend. The company has a history of regular cash dividends dating back to 1987, transitioning from annual dividends to quarterly payouts since 1998.
Bank of the Sierra, the principal subsidiary of Sierra Bancorp, is currently in its 47th year of operations and holds the distinction of being the largest independent bank headquartered in the South San Joaquin Valley. It operates full-service branches across several counties in California and maintains an online branch as well as specialized lending services, including an agricultural credit center in Templeton, California, and a loan production office in Roseville, California.
In 2023, Bank of the Sierra garnered recognition for its strength and performance as a community bank, receiving a 5-star rating from Bauer Financial and a BBB+ rating from Kroll.
The press release also contains forward-looking statements, which are not historical facts but are based on management's current expectations and beliefs about future developments and their potential effects on the company. These statements are subject to a variety of risks and uncertainties, and the actual outcomes may differ from the projected results.
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