By Connor Hart
Veritex Holdings raised its dividend to 22 cents from 20 cents.
The new payout, equal to 88 cents a year, represents an annual yield of about 4% based on Tuesday's closing price of $22.12.
The Veritex Community Bank parent said the higher dividend will be paid on or after May 22 to shareholders of record as of May 8.
Also on Tuesday, the Dallas-based company posted a profit of $29.1 million, or 53 cents a share, in the first quarter, compared with a profit of $24.2 million, or 44 cents a share, a year earlier.
Adjusted per-share earnings of 54 cents topped the 51 cents that analysts polled by FactSet expected.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 22, 2025 17:11 ET (21:11 GMT)
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