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RENO, Nev. - Plumas Bancorp (NASDAQ:PLBC), the parent company of Plumas Bank, announced Thursday a regular quarterly cash dividend of $0.30 per share on its common stock, representing a 2.78% yield. According to InvestingPro data, the company has maintained dividend payments for 10 consecutive years, with increases in the last four years.
The dividend will be payable on August 15, 2025, to stockholders of record as of August 1, 2025, according to a company press release.
Plumas Bank, a subsidiary of Plumas Bancorp, operates 19 branch offices throughout Northeastern California and Northern Nevada, along with loan production offices in California and southern Oregon.
The bank, founded in 1980 and headquartered in Quincy, California, serves local communities while its parent company is based in Reno, Nevada.
The announcement represents a routine quarterly dividend distribution to the company’s shareholders as part of its ongoing capital allocation strategy.
In other recent news, Plumas Bancorp has announced the approval of a merger with Cornerstone Community Bancorp, following Cornerstone’s shareholder approval. The merger, set to finalize in early July 2025, will result in a combined entity with approximately $2.3 billion in total assets and 19 full-service banking branches across Northern California and Nevada. This strategic merger aims to enhance services and provide value for shareholders, clients, and employees. Additionally, Plumas Bancorp held its annual shareholder meeting where key proposals, including the election of nine directors and executive compensation, were approved by shareholders. The appointment of Elliott Davis, LLC as the company’s independent auditors for the fiscal year 2025 was also ratified. In another development, Plumas Bancorp declared a quarterly cash dividend of $0.30 per common share, payable on May 15, 2025, to shareholders on record as of May 1, 2025. This dividend declaration is part of the company’s ongoing commitment to returning value to its shareholders. These recent developments reflect Plumas Bancorp’s active engagement in corporate governance and shareholder value enhancement.
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