Sierra Bancorp, the Porterville-based parent company of Bank of the Sierra, will pay its shareholders a cash dividend of 11 cents per share based on the company’s financial performance in the third quarter of 2015.
The company’s board announced the dividend Friday. It will be paid on Nov. 12 to shareholders of record as of Oct. 29.
Bank officials said this is the 67th straight quarter in which the company has paid a cash dividend; it awarded annual cash dividends from 1987 through 1998.
Sierra Bancorp stock is traded on Nasdaq under the stock symbol BSRR. The company’s stock closed Friday at $16.41 per share, down 1 cent from Thursday’s close.