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NBT Bancorp to pay quarterly dividend of 30 cents a share in fourth quarter

The NBT Bank branch on West Genesee Street in the town of Camillus. (Adam Rombel / CNYBJ File Photo)

NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB), parent of NBT Bank, recently announced that its board of directors has approved a cash dividend of 30 cents per share for the fourth quarter of this year. The payment is up by 2 cents, or 7.1 percent, from the 28 cents that NBT paid in the […]

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The payment is up by 2 cents, or 7.1 percent, from the 28 cents that NBT paid in the fourth quarter of 2021. NBT said 2022 is its 10th straight year of dividend increases.

The Norwich–based banking company will pay the new dividend on Dec. 15, to shareholders of record as of Dec. 1. The payment represents an annual yield of about 2.5 percent, based on NBT’s current stock price.

NBT Bancorp is a financial holding company with total assets of $11.64 billion, as of Sept. 30. The banking company primarily operates through NBT Bank, N.A. — a full-service community bank with 140 branches in New York, Pennsylvania, Vermont, Massachusetts, New Hampshire, Maine, and Connecticut — and through two financial-services companies: EPIC Retirement Plan Services and NBT Insurance Agency, LLC.

Jornal Staff