Sierra Bancorp (BSRR) will raise its quarterly dividend by another 5.6 percent to $0.19 per share in 2019. This is the second dividend hike this year by the bank holding company.

The next dividend will be paid on August 15, 2019 to shareholders of record as of August 1, 2019. A new annual rate of 76 cents yields 2.9% at a stock price of $25.84.

Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter. The dividend noted in today’s announcement marks the Company’s 82nd consecutive quarterly cash dividend. (source: Sierra Bancorp press release).

Sierra Bancorp is a bank holding company for Bank of the Sierra, a state-chartered bank, which offers a range of retail and commercial banking services. The Bank's products and services are related to the business of lending money and accepting deposits.