Sierra Bancorp approves 10-cent dividend

Sierra Bancorp, the Porterville-based parent company of Bank of the Sierra, will pay its stock owners a cash dividend of 10 cents per share for the first quarter of 2015.

The company’s board declared the dividend after reviewing the bank’s financial performance for the first three months of the year. The dividend will be paid on May 14 to shareholders of record as of April 30.

This is the 65th straight quarter in which Sierra Bancorp has issued a cash dividend.