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Preferred Bank (PFBC) will raise its quarterly dividend by 13.6 percent to $0.25 per share in the first quarter of 2018. This is the second dividend hike by the company in 2018.

The dividend is payable on July 20, 2018, to holders of record on July 6, 2018. The new annual dividend of $1.00 per share translates into an estimated yield of 1.6% for PFBC.

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.