Sound Financial Bancorp (SFBC) will raise its quarterly dividend by 16.7 percent to $0.14 per share in the second quarter of 2018. This is the second dividend increase by the bank holding company this year following a 20 percent increase in the first quarter.

Year-to-date the company has now raised its dividend by a total of 40 percent. The current dividend yield for SFBC is 1.5%.

Sound Financial Bancorp, Inc. is the bank holding company for its subsidiary, Sound Community Bank. Its business consists of attracting retail and commercial deposits from the general public and investing those funds, along with borrowed funds, in loans secured by first and second mortgages on one- to four-family residences, including home equity loans and lines of credit, commercial and multifamily loans, consumer and commercial business loans, and construction and land loans.