PrivateBancorp Keeps Dividend at a Penny

Mid-mark financial services provider PrivateBancorp  announced yesterday its second-quarter dividend of $0.01 per share, the same rate it's paid since 2009.

The board of directors said the quarterly dividend is payable on June 28 to the holders of record at the close of business on June 14. The banking concern has made quarterly payouts since 1997.

The regular dividend payment equates to a $0.04-per-share annual dividend, yielding 0.2% based on the closing price of PrivateBancorp's stock on May 24.


PVTB Dividend Chart

PVTB Dividend data by YCharts

The article PrivateBancorp Keeps Dividend at a Penny originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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