PEARL RIVER, N.Y., June 01, 2021 (GLOBE NEWSWIRE) -- Sterling Bancorp (NYSE:STL), the parent company of Sterling National Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $16.25 per share ($0.40625 per each depositary share) on its 6.50% Series A Non-Cumulative Perpetual Preferred stock (NYSE:STLPRA). The dividend is payable on July 15, 2021 to shareholders of record as of June 25, 2021.

About Sterling Bancorp

Sterling Bancorp, whose principal subsidiary is Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of dedicated and experienced relationship managers. Sterling National Bank offers a complete line of commercial, business, and consumer banking products and services. For more information, visit the Sterling Bancorp website at www.sterlingbancorp.com.

STERLING BANCORP CONTACT:

Emlen Harmon, Senior Managing Director – Investor Relations

212.309.7646

Sterling Bancorp

Two Blue Hill Plaza, Second Floor

Pearl River, NY 10965

T 845.369.8040

F 845.369.8255

http://www.sterlingbancorp.com

Sterling Bancorp Declares Quarterly Dividend on Preferred Stock