Prosperity Bancshares lifts its quarterly dividend to $0.64 per share, marking 23 years of consecutive increases following the completed acquisition of Stellar Bancorp.
Prosperity Bancshares (PB) has demonstrated strong financial stability by successfully completing the merger with Stellar Bancorp, Inc. on July 1, 2026. This operational milestone is complemented by a shareholder-friendly capital allocation policy, evidenced by a 6.67% dividend increase to $0.64 per share, marking 23 years of consecutive annual growth.
The dividend has been increased by $0.04 to $0.64 per share for the fourth quarter of 2026.
The company has achieved 23 consecutive years of annual dividend increases.
Merger into Prosperity Bancshares was completed on July 1, 2026, making Stellar Bancorp a wholly-owned subsidiary.
Prosperity Bancshares announced a 6.67% dividend hike to $0.64 per share for the fourth quarter of 2026. This move marks the bank's 23rd consecutive year of dividend growth, supported by the successful integration of Stellar Bancorp, which became a wholly-owned subsidiary on July 1, 2026.
The board approved a dividend of $0.64 per share for the fourth quarter of 2026, a 6.67% increase.
The merger was successfully completed on July 1, 2026, with Stellar Bancorp now operating as a wholly-owned subsidiary.