Berkshire Hills Bancorp Declares Cash Dividend for Shareholders
Berkshire Hills Bancorp Announces Quarterly Dividend
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) has recently declared a quarterly cash dividend of $0.18 per common share for its shareholders. This decision by the Board of Directors aims to reward shareholders who are on record by a specified date.
Details of the Dividend Announcement
The approved cash dividend will be applicable for shareholders who are recorded by the end of the business day. The payment date has been scheduled, emphasizing the company's commitment to its investors. Announcing dividends helps to build confidence among shareholders and showcases the company's financial health.
Overview of Berkshire Hills Bancorp
Berkshire Hills Bancorp serves as the parent organization of Berkshire Bank. With substantial assets totaling $11.6 billion and a network of 83 branches across New England and New York, the bank is well-positioned in the market. They deliver a diverse range of services including commercial banking, retail solutions, consumer lending, private banking, and wealth management.
Service Highlights
Berkshire Bank is dedicated to offering comprehensive banking services to its clients. Its commercial banking division focuses on meeting the financial needs of businesses. Meanwhile, the retail banking sector is committed to providing easy access to personal banking services that cater to everyday needs. These services ensure that both individuals and businesses can thrive with the right financial support.
Commitment to Shareholders
The announcement of dividends is a critical move for maintaining a strong relationship with shareholders. It not only reflects the bank's performance but also its forward-looking strategy to enhance shareholder value. Berkshire Hills Bancorp continues to prioritize its investors with regular updates and transparent communication.
Investor Relations Contact Information
Berkshire Hills Bancorp is committed to maintaining open lines of communication with its investors. For any inquiries regarding investor relations, individuals can reach out to Kevin Conn, who serves as the Senior Managing Director for Investor Relations & Corporate Development. He is readily available to assist with any questions or concerns.
Frequently Asked Questions
What is the dividend amount declared by Berkshire Hills Bancorp?
The Board of Directors declared a quarterly cash dividend of $0.18 per common share.
Who is eligible for the dividend?
Shareholders who are on record as of the specified date will be eligible for the dividend payment.
When will the dividend be paid?
The dividend payment is scheduled to be processed on the announced payment date, following the record date.
What services does Berkshire Bank provide?
Berkshire Bank offers a wide range of financial services including commercial banking, retail banking, consumer lending, and wealth management solutions.
How can investors contact Berkshire Hills Bancorp?
Investors can contact investor relations through Kevin Conn, the Senior Managing Director, for any inquiries or further assistance.
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