MOUNT LAUREL, N.J. (AFX) - Sterling Bank, a community bank with offices in New Jersey, said Friday it declared a regular quarterly dividend of 3 cents per share.
The dividend is payable Aug. 25, to shareholders of record Aug. 11.
The company also declared a 5 percent stock dividend, to be issued Sept. 8 to shareholders of record as of Aug. 25.
Sterling Bank has about 4.5 million shares outstanding. The stock closed Friday at $12.20 on the Nasdaq, up 20 cents on the day.
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