08:19 AM EDT, 10/18/2024 (MT Newswires) -- Sierra Bancorp ( BSRR ) said Friday its board has approved a new share repurchase program for up to one million shares from time to time.

The new buyback program will begin after the expiration of the current plan on Oct. 31 and continue through Oct. 31, 2025, Sierra Bancorp ( BSRR ) said.

Meanwhile, the Bank of the Sierra holding company maintained its quarterly cash dividend at $0.24 a share, payable Nov. 12 to shareholders of record as of Oct. 31.