Premier Valley Bank in Fresno announced that it will pay a cash dividend of 7 cents per share to its stock owners next month.
The bank's directors authorized the dividend at their meeting Thursday. The dividend will be paid in mid-March to shareholders who own stock as of March 10.
Based on the recent price of the bank's stock, which is traded on the Over-the-Counter board under the stock symbol PVLY, the dividend is expected to total an outlay of about $904,000. This is the 15th consecutive quarter in which the bank has paid a cash dividend, which Premier Valley president J. Mike McGowan said "reflects the board of directors' continued confidence in the future of the bank."
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