Sierra Bancorp, the Porterville-based parent company of Bank of the Sierra, will pay its shareholders a cash dividend of 12 cents per share next month.
The company’s board announced the dividend on Friday based on the company’s financial performance during the final quarter of 2015. The dividend will be paid on Feb. 18 to shareholders who own stock as of Feb. 4. It represents a one-penny increase from the dividend of 11 cents per share following last year’s third quarter.
Sierra Bancorp has paid cash dividends for 68 consecutive quarters, continuing a stretch of quarterly or annual cash dividends dating to 1987.