Plumas Bancorp (PLBC) will raise its dividend by 4.3 percent in 2020. The company also announced that its switches from a semi-annual dividend to a quarterly dividend. The next dividend is $0.12 per share quarterly.

This next dividend is payable May 15, 2020, to stockholders of record as of May 1, 2020. A new annual dividend rate of 48 cents per share yields 2.9% at a stock price of $16.67.

In the company's press release announced the move to a quarterly dividend Director, President and Chief Executive Officer, Andrew J. Ryback, commented, “In these unprecedented times that we are all experiencing we are happy to be able to provide a quarterly dividend to our shareholders in appreciation of their continued commitment to Plumas Bancorp.”

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. Plumas Bank was founded in 1980 and has paid a dividend every year since a semi-annual payment was reinstated in 2016. The company switched to quarterly dividend payments in 2020.