INDIANA, Pa., April 17, 2018 /PRNewswire/ -- The Board of
Directors of S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the
holding company for S&T Bank with locations in Pennsylvania, Ohio and New
York, declared a $0.25 per
share cash dividend at its regular meeting held April 16, 2018. This is an increase of 13.6%, or
$0.03 per share, compared to a
dividend of $0.22 per share declared
in the prior quarter.
"We are very pleased to announce a significant increase in the
quarterly dividend," said Charles Urtin, chairman of S&T
Bancorp, Inc. "The dividend increase reflects our confidence in
S&T's future earnings potential and our strong capital
position."
The annualized yield using the April 16,
2018 closing price of $41.29
is 2.4%. The dividend is payable May 17,
2018 to shareholders of record on May
3, 2018.
About S&T Bancorp, Inc. and
S&T Bank
S&T Bancorp, Inc. is a $7.1
billion bank holding company that is headquartered in
Indiana, Pa. and trades on the
NASDAQ Global Select Market under the symbol STBA. Its principal
subsidiary, S&T Bank, was established in 1902, and operates
locations in Pennsylvania,
Ohio and New York. For more information visit
www.stbancorp.com or www.stbank.com.
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SOURCE S&T Bancorp, Inc.