Sterling Bancorp Declares Quarterly Dividend on Preferred Stock

PEARL RIVER, N.Y., March 15, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp STL, the parent company of Sterling National Bank, today announced that its 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 STLPRA. The dividend is payable on April 15, 2021 to shareholders of record as of March 26, 2021.

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.