By Katherine Hamilton
Ameris Bancorp raised its quarterly dividend 33.3%.
The Atlanta-based bank company said Wednesday that its board of directors increased the cash dividend to 20 cents a share, up from 15 cents a share in the previous quarter.
The new payout, equal to 80 cents a year, represents an annual yield of about 1.3% based on Wednesday's closing price of $62.08.
The dividend will be payable on Jan. 6, Ameris Bancorp said.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
December 18, 2024 17:16 ET (22:16 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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