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.

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