SR Bancorp Lifts Quarterly Dividend by 20 Percent
Shareholders of SR Bancorp, the parent company of Somerset Regal Bank, are set for a payout increase this summer. The Bound Brook-based financial institution declared a quarterly cash dividend of $0.06 per share, marking a 20% rise from the previous distribution as the firm leverages its current earnings strength.
The payment is scheduled for July 15, 2026, for all stockholders of record as of June 30, 2026. This adjustment adds $0.01 per share to the dividend, a move that President and Chief Executive Officer Christopher J. Pribula characterized as a direct reflection of the bank’s robust financial positioning and ongoing commitment to shareholder returns.
Somerset Regal Bank operates 14 branches across New Jersey, including locations in Essex, Hunterdon, Middlesex, Morris, Somerset, and Union Counties. As of March 31, 2026, the bank reported $1.14 billion in total assets, with net loans totaling $859.1 million and deposits reaching $897.6 million.
Comments (0)
No comments yet. Be the first!