The increased dividend will be paid out on July 31 to stockholders of record as of June 30. Investar Holding, the parent entity of Investar Bank, National Association, also confirmed a separate dividend payment for holders of its 6.5% Series A non-cumulative perpetual convertible preferred stock. Those investors will receive $16.25 per share, with the distribution scheduled for July 1 to shareholders of record on June 15.
Investar Holding Increases Quarterly Dividend to 12 Cents
Shareholders of Investar Holding are set to receive a larger quarterly payout as the company lifts its dividend by 9% to 12 cents per share. This adjustment brings the annual distribution to 48 cents, reflecting a yield of approximately 1.6% based on Wednesday’s closing market price of $29.16.
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