Sierra Bancorp sets 11-cent dividend on stock

Sierra Bancorp, the Porterville-based parent company of Bank of the Sierra, will pay its shareholders a cash dividend of 11 cents per share next month based on the bank’s second-quarter and first-half financial performance.

The dividend is up from the 10 cents per share authorized by the board after the first quarter. It will be paid Aug. 13 to shareholders of record as of July 30. This is the 66th straight quarter in which Sierra Bancorp has paid a cash dividend; prior to 1998, the company paid annual dividends every year since 1987.

Sierra Bancorp stock is traded on the Nasdaq exchange under the stock symbol BSRR. The stock closed Friday at $17.69 per share, up 0.45% from Thursday’s close.

This story was originally published July 17, 2015 at 10:25 AM with the headline "Sierra Bancorp sets 11-cent dividend on stock."