The board of directors of SI Financial Group Inc., parent of Willimantic-based Savings Institute Bank & Trust, has declared a cash dividend on the company's outstanding shares of common stock.
The dividend of 3 cents a share will be paid on or about Feb. 2 to stockholders of record as of the close of business on Feb. 4. The 3-cent dividend is unchanged from last year's four quarters.
The SI Financial board, responding to the U.S. financial crisis, suspended dividend payments in the first quarter of 2009 when payments to stockholders were 4 cents a share. It reinstituted the dividends in 2010.