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NBT Bancorp to pay Q2 dividend of 27 cents

NBT Bank’s branch office on Route 31 in the town of Lysander. (ADAM ROMBEL/ CNYBJ FILE PHOTO)

NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a second-quarter cash dividend of 27 cents per share. The dividend will be paid on June 15, to shareholders of record as of June 1. At NBT’s current stock price, the dividend yields about 2.85 percent on an annual […]

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NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a second-quarter cash dividend of 27 cents per share.

The dividend will be paid on June 15, to shareholders of record as of June 1. At NBT’s current stock price, the dividend yields about 2.85 percent on an annual basis.

NBT Bancorp also announced April 26 that it had repurchased 257,031 shares of its common stock during the first quarter, at a weighted-average price of $35.09 per share, excluding commissions. As of March 31, the banking company had 1.74 million shares available for repurchase under its 2 million share stock-buyback plan, which expires at the end of the year.

NBT Bancorp is a financial holding company based in Norwich, with total assets of $11.5 billion as of March 31. The company primarily operates through NBT Bank, N.A., a full-service community bank and via two financial-services companies. NBT Bank has 141 branches in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, and Maine, and is currently entering Connecticut. EPIC Retirement Plan Services, based in Rochester, is a full-service 401(k) plan recordkeeping firm. NBT Insurance Agency, LLC, based in Norwich, is a full-service insurance agency.

Jornal Staff