This adjustment puts the company’s annualized dividend at 24 cents per share. Based on the stock’s closing price of $20.24 on Thursday, the new rate provides investors with an annual yield of 1.2 percent. The payment is scheduled for distribution on August 27 to all shareholders of record as of August 18.
Avidia Bancorp Raises Quarterly Dividend to 6 Cents
Shareholders of Avidia Bancorp are set for a pay bump as the institution lifts its quarterly dividend by 20 percent. The increase brings the payout to 6 cents per share, up from the previous 5-cent mark, reflecting the firm's latest capital distribution strategy following Thursday’s market close.
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