Preferred Bank increases quarterly cash dividend from $0.70 to $0.75 per share.

From GlobeNewswire: 2024-12-26 16:04:07

Preferred Bank (NASDAQ: PFBC) has increased its quarterly cash dividend to $0.75 per share, up from $0.70 per share, marking a 7.1% increase. The dividend will be payable on January 23, 2025, to shareholders of record as of January 9, 2025. The bank, headquartered in California, offers a variety of deposit and loan products and services to commercial and consumer customers through its branch offices across California, New York, and Texas. Preferred Bank, originally focused on the Chinese-American market, now serves a diverse customer base while still benefiting from the migration of ethnic Chinese to California.



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