Eastern Bankshares Increases Quarterly Dividend From $0.12 To $0.13 Per Share
Benzinga Newsdesk 1 year ago
NewsDividends
DIVIDENDS AND SHARE REPURCHASESThe Company's Board of Directors declared a quarterly cash dividend of $0.13 per common share, representing a $0.01, or 8%, increase. The dividend will be payable on June 16, 2025 to
DIVIDENDS AND SHARE REPURCHASES
The Company's Board of Directors declared a quarterly cash dividend of $0.13 per common share, representing a $0.01, or 8%, increase. The dividend will be payable on June 16, 2025 to shareholders of record as of the close of business on June 3, 2025.
The Company repurchased 2,875,530 shares of common stock during the first quarter at a weighted average price of $16.62, for an aggregate purchase price of $48.7 million.