S&T Bancorp, Inc. Announces Increased Dividend Payout

Author: Logan Wright Updated: 04-30-2025 01:27 PM

S&T Bancorp, Inc. Declares Dividend

The board of directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, has made a significant announcement regarding dividends. Recently, they approved a cash dividend of $0.34 per share, marking an increase of $0.01, or about 3.03 percent, compared to last year’s dividend of $0.33. This move demonstrates S&T's commitment to providing value to its shareholders.

Details About the Dividend

The dividend is set to be paid on a scheduled date, specifically May 29, 2025, to all shareholders who are recorded on the books by May 15, 2025. As of April 29, 2025, the annualized yield using the closing price of $37.17 stands at an impressive 3.66 percent. This reflect not just the company’s robust financial health but also highlights their focus on shareholder returns.

Financial Position of S&T Bancorp, Inc.

S&T Bancorp, Inc. is a noteworthy bank holding company with assets totaling around $9.7 billion. Based in Pennsylvania, S&T Bancorp operates primarily through its well-established subsidiary, S&T Bank, which has been serving customers since 1902. The bank has made a significant impact on the communities across Pennsylvania and Ohio with a range of financial services designed to cater to diverse customer needs.

Understanding the Company's Growth

S&T Bancorp has a history of steady growth, which is manifested through its regular increases in dividend payouts. This is indicative of the company's solid financial foundation and strategic planning. By ensuring that they reward shareholders consistently, S&T remains competitive within the banking sector.

Commitment to Shareholders

This latest announcement not only reflects S&T Bancorp’s current fiscal health but also demonstrates its dedication to shareholders. By consistently raising dividends, the company signals confidence in future earnings and a commitment to delivering shareholder value over time.

About S&T Bancorp, Inc.

S&T Bancorp, Inc. is a bank holding company that is renowned for its comprehensive banking solutions. With the parent company overseeing S&T Bank, it has established a strong presence in the banking market. The institutions under S&T Bancorp have built a reputation for reliability and customer service excellence.

Frequently Asked Questions

What is the recent dividend declared by S&T Bancorp?

The board has declared a cash dividend of $0.34 per share.

When will the dividend be paid?

The dividend is scheduled to be paid on May 29, 2025.

What was the dividend increase compared to last year?

The dividend increased by $0.01, or 3.03 percent, from last year’s dividend of $0.33.

What is the annual yield based on the latest closing price?

The annualized yield using the April 29, 2025, closing price is 3.66 percent.

Where can I find more information about S&T Bancorp?

For additional information about S&T Bancorp and its services, visit their official websites for S&T Bancorp and S&T Bank.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

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