PSB Holdings, Inc. Declares Increased Cash Dividend
PSB Holdings, Inc. (OTCQX: PSBQ), the parent company of Peoples State Bank, recently announced a semi-annual cash dividend of $0.32 per share. This decision, made on December 17, indicates not just a financial commitment but also a continuation of a longstanding tradition of enhancing shareholder value.
Details of the New Dividend Announcement
The announcement stipulates that the dividend is scheduled to be paid on January 31 to those shareholders who are on record as of January 10. This represents a 6.7% increase from the previous semi-annual dividend of $0.30 per share declared a year earlier. Such an increase is significant, showcasing PSB's strong financial performance and dedication to returning value to its shareholders.
CEO's Insights on Company Performance
In a statement highlighting the company's performance, PSB President and CEO Scott M. Cattanach expressed optimism. He noted that the move reflects the bank's improved financial position since mid-year, and he emphasized gratitude for shareholder support. This positive outlook is aligned with the company’s focus on achieving robust growth in the upcoming year.
A Legacy of Dividends
The current dividend continues a remarkable legacy for PSB Holdings, which has maintained a consistent policy of distributing cash dividends for 60 years. Interestingly, this includes a streak of 31 consecutive years of increasing cash dividends per share. Such a record not only enhances investor confidence but also solidifies the company’s position as a reliable entity in the banking sector.
About PSB Holdings, Inc.
PSB Holdings, Inc. operates as the parent company of Peoples State Bank, a community bank headquartered in Wausau. This institution significantly contributes to the financial services landscape in northcentral and southeastern Wisconsin, offering a suite of services from its twelve full-service banking locations. In addition to personalized banking services, Peoples State Bank provides investment and insurance products through its dedicated division, Peoples Wealth Management.
Maintaining Strong Community Ties
Peoples State Bank has positioned itself as a key player in its community by providing a variety of financial services tailored to meet customer needs. Its presence in different counties, including Marathon, Oneida, and Milwaukee, facilitates a deep connection with the local community while enhancing access to necessary financial services.
Frequently Asked Questions
What is the new cash dividend amount declared by PSB Holdings?
The newly declared cash dividend is $0.32 per share.
When will the dividend be paid to shareholders?
The dividend is scheduled to be paid on January 31 to shareholders of record as of January 10.
How long has PSB Holdings been paying dividends?
PSB Holdings has a strong tradition of cash dividends spanning 60 years, including 31 years of increasing dividends.
What does PSB's CEO say about the company’s performance?
CEO Scott M. Cattanach expressed optimism about the company’s improved financial performance and thanked shareholders for their ongoing support.
Where can I find more information about PSB Holdings?
More information about PSB Holdings, its management, and financial performance can be found on their official website.
