PSB Holdings Increases Semi-Annual Cash Dividend
WAUSAU, Wis.--PSB Holdings, Inc. (OTCQX: PSBQ), the parent company of Peoples State Bank, has declared a regular semi-annual cash dividend of $0.34 per share. This decision was made during the recent Board of Directors meeting and is a reflection of the company's strong financial health and commitment to its shareholders.
Understanding the Dividend Announcement
The announced dividend, which represents a 6.3% increase from the previous $0.32 per share, showcases the company's dedication to returning value to its shareholders. The dividend is payable to those who are on record as shareholders by July 11, with payment scheduled for July 31. This marks yet another milestone in PSB Holdings' 60-year tradition of issuing cash dividends, with an impressive 32 consecutive years of increasing dividend amounts.
Insights from the President and CEO
Scott M. Cattanach, the President and CEO of PSB, expressed optimism regarding the company’s financial trajectory. He stated, “We remain optimistic for continued strong financial performance through the end of the year and are pleased to announce a $0.34 per share semi-annual cash dividend. We thank our shareholders for their continued support.” This statement reflects not only confidence in the company's ongoing operations but also a strong connection to its investor community.
About PSB Holdings, Inc.
PSB Holdings, Inc. operates as the parent organization of Peoples State Bank, a vibrant community bank headquartered in Wausau, Wisconsin. The bank prides itself on serving a diverse clientele across northcentral and southeastern Wisconsin, boasting twelve full-service banking locations throughout various counties. The reach extends to a loan production office in Dane County, showcasing the bank’s commitment to supporting local communities.
Services Offered by Peoples State Bank
Peoples State Bank doesn’t just stop at traditional banking services; it also offers investment and insurance products. Furthermore, through Peoples Wealth Management, customers can access helpful tools for retirement planning. This comprehensive suite of services positions the bank as a key financial resource in its operational areas.
Company Performance and Future Outlook
Traded under the stock symbol PSBQ on the OTCQX Market, PSB Holdings has shown resilience and adaptability in a changing economic landscape. As the bank continues to focus on growth and stability, the consistent rise in dividends signals a solid performance and a proactive approach towards shareholder engagement.
Contacting Investor Relations
For inquiries, investors can reach out to PSB Holdings, Inc. at their Wausau headquarters. The contact information is provided as follows: 1905 Stewart Avenue, Wausau, WI 54401, or simply call 888.929.9902. Alternatively, they can connect via email at InvestorRelations@bankpeoples.com, ensuring open lines of communication for any investor queries.
Frequently Asked Questions
What is the amount of the declared cash dividend by PSB Holdings?
PSB Holdings has declared a cash dividend of $0.34 per share.
When will the dividend be paid to shareholders?
The dividend will be payable on July 31 to shareholders on record by July 11.
How does the current dividend compare to previous dividends?
The current dividend is a 6.3% increase over the previous $0.32 per share dividend.
How can I invest in PSB Holdings?
Interested investors can trade PSB Holdings under the ticker symbol PSBQ on the OTCQX Market.
Where can I find more information about PSB Holdings?
Further details regarding the company can be accessed through their official website or via investor relations contacts.
