PORTERVILLE, Calif.,
April 21, 2017 /PRNewswire/
-- Sierra Bancorp (Nasdaq:BSRR), parent of Bank of the
Sierra, today announced that its Board of Directors has declared a
regular quarterly cash dividend of $0.14 per share. The dividend was approved
subsequent to the Board's review of the Company's financial
performance and capital strength for the quarter ended March 31, 2017. It will be paid on
May 18, 2017 to shareholders of
record as of May 4, 2017.
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 marks
the Company's 73rd consecutive regular quarterly cash
dividend.
Sierra Bancorp is the holding company for Bank of the Sierra
(www.bankofthesierra.com), which is in its
40th year of operations and is the largest
independent bank headquartered in the South San Joaquin
Valley. Bank of the Sierra is a community-centric regional
bank, which offers a full range of retail and commercial banking
services via 34 full-service branches located throughout
California's South San Joaquin Valley and neighboring
communities, on the Central Coast, and in Southern California locations including the
Santa Clara Valley. We also maintain a loan production office
and an online branch, and provide specialized lending services
through an agricultural credit center, a real estate industries
center, and an SBA center.
The statements contained in this release that are not
historical facts are forward-looking statements based on
management's current expectations and beliefs concerning future
developments and their potential effects on the Company.
Readers are cautioned not to unduly rely on forward looking
statements. Actual results may differ from those
projected. These forward-looking statements involve risks and
uncertainties including but not limited to the Company's ability to
maintain current dividend payments or increase dividend payouts to
shareholders, the Company's ability to generate adequate financial
results, changes in economic conditions, interest rates and loan
portfolio performance, and other factors detailed in the Company's
SEC filings. Sierra Bancorp undertakes no responsibility to
update or revise any forward-looking statements.
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SOURCE Sierra Bancorp