Fresno-based Premier Valley Bank will pay its shareholders a cash dividend of 8 cents per share based on the company’s financial performance during the quarter.
The bank’s board of directors authorized the dividend Tuesday. The dividend will be paid Sept. 11 to shareholders of record as of Aug. 31. The bank estimates that the dividend payout will total about $984,000, based on the recent trading price of the common stock.
Premier Valley Bank stock is listed on the OTCQB over-the-counter board under the stock symbol PVLY. The bank’s stock was untraded Tuesday and closed at $7.61 per share, the same price it has been since Friday.