Umpqua Bank's parent said it would move up its fourth-quarter dividend ahead of a possible tax increase for investors.
Portland-based Umpqua Holdings Corp., owner of the largest Oregon-based bank, said today it would pay its fourth-quarter dividend of 9 cents a share on Dec. 28 to shareholders of record as of Dec. 14. In the past two years, it paid its fourth-quarter dividend in January
“We are accelerating the payment of our fourth quarter dividend from January to December to provide potential benefit to our shareholders for tax purposes,” said Ray Davis, Umpqua's president and CEO, in a press release.
Read more at OregonLive.com.