EBC - Eastern Bankshares declares $0.08 dividend
Eastern Bankshares (NASDAQ:EBC) declares $0.08/share quarterly dividend, in line with previous. Forward yield 1.55% Payable Dec. 15; for shareholders of record Dec. 3; ex-div Dec. 2. The company has also proposed a share repurchase program to buyback 9,337,900 shares, representing 5% of its outstanding shares of common stock, over a 12-month period. The authorization is contingent on receipt of approval or non-objection from the Federal Reserve. Assuming receipt of approval or non-objection from the Federal Reserve, the company does not expect the share repurchases to begin before December 2021. See EBC Dividend Scorecard, Yield Chart, & Dividend Growth.
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Eastern Bankshares declares $0.08 dividend