The new dividend, which equates to an annual distribution of $2.56 per share, offers an annual yield of approximately 3.75% based on Tuesday's closing price of $68.25. This marks a shift from the previous 3.52% yield. The company confirmed the payment date is scheduled for January 4 for all shareholders of record as of December 15.
In section Market Quotes
Prosperity Bancshares Lifts Quarterly Dividend Payout
Shareholders of Houston-based Prosperity Bancshares are set for a pay bump after the board approved a 6.7% increase to the quarterly dividend. The payout rises to 64 cents per share, up from the previous rate of 60 cents, reflecting the company’s latest capital allocation strategy.
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