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Highlights:
- Five Star Bancorp declares quarterly dividend of $0.20 per share
- Dividend yield stands at 2.42%, with an annual payout of $0.80
- Ex-dividend date set for Monday
Five Star Bancorp (NASDAQ:FSBC) operates within the financial services sector, providing a range of banking and financial products to its clientele. The company focuses on delivering comprehensive banking solutions through its network of branches and digital platforms.
Dividend Declaration
Five Star Bancorp has announced a quarterly dividend, which was distributed on Tuesday, November 12th. Shareholders recorded on Monday, November 4th, received a dividend of $0.20 per share. This quarterly payment translates to an annual dividend of $0.80 per share.
Dividend Yield and Payout Ratio
The current dividend yield for Five Star Bancorp stands at 2.42%. The payout ratio, which indicates the proportion of earnings distributed as dividends, is reported at 35.09%. This ratio suggests that a significant portion of the company's earnings is retained for reinvestment and operational purposes.
Record and Ex-Dividend Dates
The record date for the dividend distribution was set for Monday, November 4th. Investors who were recorded as shareholders on this date were eligible to receive the dividend payment. The ex-dividend date, also on Monday, November 4th, determines the cutoff for receiving the declared dividend. Shares purchased on or after the ex-dividend date will not be entitled to the forthcoming dividend payment.
Dividend Payment Details
The dividend payment of $0.20 per share was made available to shareholders on Tuesday, November 12th. This distribution reflects the company's commitment to returning value to its shareholders while maintaining a balanced approach to financial management.
Financial Metrics
Five Star Bancorp's dividend metrics indicate a stable financial position. With an annual dividend of $0.80 per share and a payout ratio of 35.09%, the company demonstrates its ability to sustain dividend payments while supporting growth initiatives and operational needs.
Shareholder Information
Shareholders interested in receiving dividends should ensure their holdings are registered by the record date. The ex-dividend date is a critical factor for determining eligibility for the dividend distribution. Detailed information about dividend payments and shareholder entitlements can be found in the company's official communications and financial reports.
