Sierra Bancorp declares quarterly dividend
Sierra Bancorp, parent of Bank of the Sierra, reported it will pay a regular quarterly cash dividend of 6 cents per share, subsequent to the board’s review of the company’s financial results and capital strength for the quarter ended Sept. 30.
Including dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp, the company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends from 1987 through 1998 and quarterly dividends since then. The dividend noted in today’s announcement will mark the 55th consecutive regular quarterly cash dividend for the company.
Sierra Bancorp is the holding company for Bank of the Sierra, which is in its 35th year of operations and at $1.4 billion in assets is the largest independent bank headquartered in the South San Joaquin Valley. The company has over 400 employees and conducts business through 25 branch offices, an online branch, an agricultural credit center, and an SBA center.