Sandy Spring Bancorp Announces 3rd Quarter Dividend.OLNEY, Md., Aug. 28 /PRNewswire-FirstCall/ -- Sandy Spring Bancorp, Inc., the parent company of Sandy Spring Bank, announced that its Board of Directors has declared a regular quarterly dividend of $0.24 per share for the 3rd quarter of 2008. Compared to the 3rd quarter of 2007, this 3rd quarter dividend for 2008 represents an increase of $0.01 per share. Sandy Spring's annualized annualized
Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. dividend yield is 5.30% (annualized 3rd Quarter Declared Dividend/Closing Stock Price reported on August 27, 2008). The dividend is payable on September 18, 2008 to shareholders of record as of the close of business on September 8, 2008.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010424/SSPRINGLOGO-a ) About Sandy Spring Bancorp/Sandy Spring Bank
With $3.2 billion in assets, Sandy Spring Bancorp is the holding company for Sandy Spring Bank and its principal subsidiaries, Sandy Spring Insurance Corporation, The Equipment Leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
CONTACT: Hunter R. Hollar, Chief Executive Officer, HHollar@sandyspringbank.com, Daniel J. Schrider, President & Chief Revenue Officer, DSchrider@sandyspringbank.com, or Philip J. Mantua Mantua (măn`chə, –tə), Ital. Mantova, city (1991 pop. 53,065), capital of Mantova prov. , Executive V.P. & Chief Financial Officer, PMantua@sandyspringbank.com, all of Sandy Spring Bancorp, Inc., +1-800-399-5919
Web site: http://www.sandyspringbank.com/