Prosperity Bancshares hikes dividend by 6.1%

Prosperity Bancshares (PB) will raise its quarterly dividend by 6.1 percent to $0.52 per share in 2021. This follows a 6.5 percent hike to 49 cents per share announced in 2020 and marks the 22nd consecutive year of annual dividend increases.

The next PB dividend will be paid on January 3, 2022 to all shareholders of record as of December 15, 2022. A new annual dividend rate of $2.04 per share yields 2.7% at a stock price of $75.65.

Prosperity Bancshares, Inc. is a financial holding company. Through its bank subsidiary, Prosperity Bank, the company provides a range of financial products and services to small and medium-sized businesses and consumers. The company operates full service banking locations in Texas and Oklahoma.