Premier Financial Bancorp OKs 10% Stock Dividend Plus Q4 Cash Dividend

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Premier Financial Bancorp said Monday it has approved a 10% stock dividend on Dec. 9 to shareholders on record on Dec. 2 as well as an unchanged $0.15 cash dividend payable on Dec. 30 to shareholders on record on Dec. 15.

Shareholders will receive one additional share for each share they own and will automatically be added to the ownership record, with any resulting fractions of a share paid in cash at the rate of $18.23 per whole share.

Since the record date of the cash dividend is after the issuance of the 10% stock dividend, shareholders will receive the $0.15 per share cash dividend on those additional shares, effectively increasing the cash dividend by 10% as well.”

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