Premier Valley Bank will pay its shareholders a cash dividend of 8 cents per share of stock next month.
The Fresno-based bank’s board of directors authorized the dividend at its meeting Thursday. The dividend will be paid in mid-March to shareholders of record as of March 9. Bank president/CEO J. Mike McGowan said this is the 19th consecutive quarter in which the bank has paid a cash dividend to its stock owners.
The dividend is expected to represent a total payout of about $984,000 to shareholders, based on the recent trading price of the bank’s stock.