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Preferred Bank (PFBC) will raise its quarterly dividend by 10 percent to $0.22 per share in the first quarter of 2018. The new dividend yield for PFBC is 1.4%.

The next dividend is payable on January 22, 2018 to holders of record on January 8, 2018. The year 2018 will mark the 4th consecutive year of dividend increases by the company.

Preferred Bank is a commercial bank. The Bank provides deposit services, as well as real estate finance, commercial loans and trade finance to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals and high net worth individuals.