Business Context and Reporting Period
Company: S&T Bancorp, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: October 23, 2024
Event: Declaration of quarterly cash dividend by the Board of Directors.
Key Financial Metrics
This filing reports a specific corporate action rather than comprehensive financial performance metrics. The following data points are provided:
- Dividend Amount: $0.34 per share.
- Reference Stock Price: $38.75 (Closing price on October 22, 2024).
- Annualized Yield: 3.51%.
- Payment Date: November 21, 2024.
- Record Date: November 7, 2024.
The filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes Versus Prior Period
- Dividend Increase: The declared dividend represents an increase of $0.01 per share compared to the prior year's declaration.
- Percentage Growth: This constitutes a 3.03% increase over the $0.33 per share dividend declared in the same period of the prior year.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The report is limited to the notification of the dividend declaration and the attachment of the corresponding press release.
Investor Verification Checklist
- Verify the record date of November 7, 2024, to ensure eligibility for the dividend.
- Confirm the payment date of November 21, 2024, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Check subsequent filings for the company's full quarterly financial results, as this 8-K does not contain earnings data.