By a News Reporter-Staff News Editor at Investment Weekly News -- Sierra Bancorp (Nasdaq:BSRR), parent of Bank of the Sierra, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend was approved subsequent to the Board's review of the Company's financial results for the quarter ended March 31, 2014, which reflect capital strength, robust net income, and a favorable trend in nonperforming assets. The dividend will be paid on May 15, 2014 to shareholders of record as of May 1, 2014. Including dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp, the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends from 1987 through 1998 and quarterly dividends since then. The dividend noted in the announcement marks the Company's 61(st) consecutive regular quarterly cash dividend.
Sierra Bancorp is the holding company for Bank of the Sierra (www.bankofthesierra.com), which is in its 37(th) year of operations and at $1.4 billion in assets is the largest independent bank headquartered in the South San Joaquin Valley. The Company has over 400 employees and conducts business through 25 branch offices, an online branch, a real estate industries center, an agricultural credit center, and an SBA center.
Keywords for this news article include: Sierra Bancorp, Banking and Finance, Investment and Finance.
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