S&T Bancorp Increases Quarterly Dividend by 2.7% to $0.38 Per Share
S&T Bancorp (STBA) has announced a 2.7% increase in its quarterly dividend, raising the payout from $0.37 to $0.38 per share. The dividend carries a forward yield of approximately 3.01%. Shareholders of record as of November 12 will receive the payment on November 27. In addition to the dividend hike, the company provided long-term financial guidance, projecting that its net interest margin will remain above 4% into 2027. S&T Bancorp also aims to manage noninterest expense growth at approximately 3% through 2027, signaling a focus on disciplined cost management and stable profitability.
Tickers: $STBA
Topics: dividend increase earnings guidance net interest margin quarterly dividend