Plumas Bancorp (PLBC) will raise its dividend by 16.7 percent to 14 cents per share in 2021. This follows a 4.3 percent in 2020. The company also announced that its switches from a semi-annual dividend to a quarterly dividend last year. 

This next dividend is payable February 15, 2021, to stockholders of record as of February 1, 2021. A new annual dividend rate of 56 cents per share yields 2.2% at a stock price of $25.15.

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.