Plumas Bancorp announced that its Board of Directors declared a regular quarterly cash dividend of $0.30 per share. This dividend is payable on February 17, 2025, to stockholders of record as of February 3, 2025.
This new dividend rate represents an 11.1% increase from the previous quarterly dividend of $0.27 per share. The decision reflects the company's strong financial position and commitment to returning value to its shareholders.
The increase in the cash dividend demonstrates management's confidence in Plumas Bancorp's sustained profitability and cash flow generation. This move can enhance the attractiveness of the stock to investors seeking consistent and growing income.
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