CINCINNATI -- Provident Bancorp adopted an increase of 14%, or 3 cents, in the quarterly dividend, raising it to 25 cents per share.
This was the $5 billion-asset company's fourth dividend increase in the past two years; it will be paid Aug. 26 to stockholders of record Aug. 12.
Provident's quarterly cash dividend has risen since October 1992 from 17 cents a share.