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Prosperity Bancshares (PB) will raise its quarterly dividend to $0.36 per share.

The new dividend will be paid on January 2, 2018 to all shareholders of record as of December 15, 2017.

Prosperity Bancshares, Inc. is a financial holding company. Through its bank subsidiary, Prosperity Bank, the company provides a range of financial products and services to small and medium-sized businesses and consumers. The company operates full service banking locations in Texas and Oklahoma.