WRIV - White River Bancshares Co. Announces Annual Cash Dividend of $1.00 Per Share and Declares 2-for-1 Stock Split | Benzinga
FAYETTEVILLE, Ark., July 17, 2024 (GLOBE NEWSWIRE) -- White River Bancshares Company (OTCQX:WRIV) (the "Company"), the holding company for Signature Bank of Arkansas (the "Bank"), today announced its Board of Directors declared an annual cash dividend of $1.00 per share. The dividend will be payable on August 30, 2024, to shareholders of record at the close of business on July 31, 2024.
Additionally, the Company announced its Board of Directors declared a two-for-one stock split through a stock dividend. Each holder of record on August 7, 2024 will receive one additional share of common stock for each share of common stock held, payable on September 4, 2024. No fractional shares will be issued in connection with the stock split. Shareholders will receive cash in lieu of any fractional share of the Company's common stock they otherwise would have received in connection with the stock split. The price paid for the fractional shares will be based on the average closing price of the Company's common stock for the five trading days ending on August 7, 2024, the record date for the stock dividend.
The Company currently has 1,217,850.229 shares outstanding and ...