Plumas Bancorp (PLBC) will raise its semi-annual dividend by 28.6 percent to $0.18 per share in the second quarter of 2018. This follows a 40 percent dividend hike in 2017 by the financial company.

The new dividend is payable May 15, 2018, to stockholders of record as of April 30, 2018 and yields 1.4% annually.

Plumas Bancorp is a locally owned and managed full-service community bank headquartered in Northeastern California. Its primary subsidiary is Plumas Bank is a California state-chartered bank. Plumas Bank offers a wide range of financial and investment services to consumers and businesses and has received nationwide Preferred Lender status with the United States Small Business Administration.