secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2024-05-23T23:59:59+00:00
Accession:  0001473844-24-000017
Event type: dividend
Sentiment:  positive
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp declares $0.13 dividend, authorizes $60M share repurchase through May 2025
--------------------------------------------------------------------------------

- Quarterly cash dividend of $0.13 per share declared, payable June 28, 2024 to holders of record June 14, 2024.
- Board authorized a new $60 million share repurchase program expiring May 31, 2025, replacing the current $60M program.
- Repurchases may be made in open market, block trades, privately negotiated, or under Rule 10b5-1 plans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384424000017/0001473844-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384424000017/stel-20240523.htm
  HTML page:      https://secwatch.observer/filing/0001473844-24-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer