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PORTERVILLE, Calif. - Sierra Bancorp (NASDAQ:BSRR), the parent company of Bank of the Sierra, announced Friday that its Board of Directors has declared a regular quarterly cash dividend of $0.25 per share, representing a 3.26% dividend yield. The $418 million market cap bank has shown strong performance this year with an 8.07% year-to-date return.
The dividend will be paid on August 14, 2025, to shareholders of record as of August 4, 2025. The decision followed the Board’s review of the company’s financial performance and capital position for the quarter ended June 30, 2025.
This marks Sierra Bancorp’s 106th consecutive quarterly cash dividend. The company has maintained a consistent record of dividend payments since 1987, initially distributing annual dividends through 1998 before transitioning to quarterly payments thereafter.
Bank of the Sierra, now in its 48th year of operations, serves as one of the largest independent banks headquartered in California’s South San Joaquin Valley. The bank operates full-service branches across seven California counties: Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa Barbara.
The bank also maintains an online branch and provides specialized lending services through an agricultural credit center located in Templeton, California.
The dividend announcement was made in a company press release statement.
In other recent news, Sierra Bancorp has announced the appointment of William Wade II as the new executive vice president and chief operations officer. This change in leadership was made effective immediately, as stated in a press release and a filing with the U.S. Securities and Exchange Commission. Wade brings over 30 years of experience in information technology across various industries, including a recent role as chief information officer at Independent Financial. Additionally, Sierra Bancorp conducted its annual shareholder meeting on May 21, 2025. During the meeting, shareholders voted on key issues such as the election of directors and the ratification of the company’s independent auditor. A notable 80.95% of outstanding shares were represented, and all management nominees for directorship were elected with over 91% of the votes cast. These developments reflect ongoing governance and leadership changes at Sierra Bancorp.
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