HomeStreet cuts quarterly dividend to 10c per share

HomeStreet announced that the company’s Board of Directors approved a 10c per share quarterly dividend. The dividend is payable on May 24, 2023 to shareholders of record at the close of business on May 10, 2023. "In light of the lower level of earnings in the first quarter of 2023 and the highly uncertain interest rate and economic environment over the near term, in an abundance of caution, the Board of Directors determined that it would be prudent to reduce our dividend this quarter to 10c per share," said Mark K. Mason, HomeStreet’s Chairman of the Board, President, and CEO.