FS Bancorp Inc. (FSBW), the parent company of 1st Security Bank of Washington, has announced an increase in its quarterly cash dividend. The board has authorized a 3.8% rise, raising the dividend from $0.26 to $0.27 per share.
The dividend will be distributed on August 21, 2024, to shareholders recorded as of August 7, 2024.
Moreover, the Board has approved an additional $5.0 million share repurchase program. This repurchase will involve acquiring shares of the company's outstanding common stock through open market purchases, privately negotiated transactions, or shares withheld upon equity award exercises. This program is set to run over a 12-month period, concluding on July 31, 2025.
