MONTEBELLO, N.Y., Nov. 29, 2017 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE:STLPRA). The dividend is payable January 16, 2018 to shareholders of record as of December 29, 2017.
About Sterling Bancorp
Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com.
STERLING BANCORP CONTACT:
Luis Massiani, SEVP & Chief Financial Officer
400 Rella Boulevard
Montebello, NY 10901-4243