Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Pacific Continental Hikes Dividend 11%

Banking firm Pacific Continental  (NASDAQ: PCBK  ) announced yesterday its third-quarter dividend of $0.10 per share, an 11% increase in the payout made to investors last quarter of $0.09 per share. The board of directors also said it would pay a special cash dividend of $0.12 per share.

Noting the special dividend rewarded investors while at the same time leveraged the bank's capital position, Pacific Continental CEO Hal Brown credited "increasing client activity and growth in the loan portfolio, together with consistent improvement in credit quality metrics, provide the basis for an increase in the regular dividend."

Both the common and the special dividends are payable Nov. 12 to shareholders of record at the close of business on Oct. 28. The regular dividend payment equates to a $0.40-per-share annual dividend, yielding 3% based on the closing price yesterday of Pacific Continental's stock.

PCBK Dividend Chart

PCBK Dividend data by YCharts


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2687644, ~/Articles/ArticleHandler.aspx, 5/27/2016 8:20:25 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 17,828.29 -23.22 -0.13%
S&P 500 2,090.10 -0.44 -0.02%
NASD 4,901.77 6.88 0.14%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

5/26/2016 4:00 PM
PCBK $16.82 Down -0.20 -1.18%
Pacific Continenta… CAPS Rating: No stars