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RIVERSIDE, Calif. - Provident Financial Holdings, Inc. (NASDAQ:PROV), the holding company for Provident Savings Bank, F.S.B., announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.14 per share. The dividend represents an attractive 3.61% yield, marking the company’s 24th consecutive year of dividend payments, according to InvestingPro data.
Shareholders who own the company’s common stock at the close of business on August 14, 2025, will be eligible to receive the dividend. The payment will be distributed on September 4, 2025.
Provident Financial Holdings operates primarily in California through its subsidiary Provident Savings Bank, F.S.B.
The announcement comes as part of the company’s regular quarterly dividend schedule. The company made the declaration in a press release statement, which also included standard forward-looking statements regarding business environment expectations and potential future performance.
Provident Financial Holdings completed its fiscal year on June 30, 2024, and has filed its Annual Report on Form 10-K with the Securities and Exchange Commission.
In other recent news, Provident Financial Holdings has disclosed a new severance agreement with its Senior Vice President and Chief Financial Officer, Peter C. Fan. This agreement, effective as of May 22, 2025, details compensation terms in the event of an involuntary termination following a change in control of the company or its subsidiary. The agreement is set to expire on February 28, 2026, but may be extended annually by the Board of Directors. If Mr. Fan is terminated without cause or resigns under specific conditions within 12 months after a change in control, he will receive severance payments. In addition to this development, Piper Sandler has initiated coverage on Provident Financial Holdings with a Neutral rating and a price target of $16.50. The research firm highlighted the bank’s conservative balance sheet and strong capital levels as favorable attributes. These recent developments provide insight into the company’s strategic planning and financial outlook.
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