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BOUND BROOK, N.J. - SR Bancorp, Inc. (NASDAQ:SRBK), the holding company for Somerset Regal Bank, announced Monday that its Board of Directors has declared a quarterly cash dividend of $0.05 per share, representing an annual yield of 1.32%. The stock is currently trading near its 52-week high of $15.31, having delivered a strong return of nearly 30% over the past six months.
The dividend will be paid on October 15, 2025, to stockholders of record as of September 30, 2025, according to a company press release.
"We are pleased to be in a strong financial position giving us the ability to pay a cash dividend," said David Orbach, Executive Chairman of SR Bancorp.
SR Bancorp is the parent company of Somerset Regal Bank, a New Jersey-based commercial bank operating 14 branches across six counties in the state. As of June 30, 2025, Somerset Regal Bank reported total assets of $1.08 billion, net loans of $797.2 million, deposits of $846.0 million, and total equity of $193.8 million.
The New Jersey-based financial institution serves Essex, Hunterdon, Middlesex, Morris, Somerset and Union Counties through its branch network.
In other recent news, SR Bancorp, Inc. has announced the authorization of a second stock repurchase program. This new initiative will allow the company to buy back up to 10% of its outstanding common stock, which amounts to 886,137 shares. The commencement of this program is contingent upon the completion of the company’s first repurchase program, which still has 13,802 shares left to be repurchased. The initial buyback program was put in place following SR Bancorp’s mutual-to-stock conversion on September 19, 2023. This development is part of the company’s ongoing efforts to manage its capital structure effectively. The announcement reflects SR Bancorp’s strategic decisions following its recent conversion. Investors may view this as a move to potentially enhance shareholder value.
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