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Ameris Bancorp board ups quarterly dividend, approves share repurchase plan

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Ameris Bancorp board ups quarterly dividend, approves share repurchase plan

Ameris Bancorp's board declared a quarterly dividend of 15 cents per share, up from the previous payout of 10 cents per share.

The dividend will be paid Oct. 10 to shareholders of record Sept. 30.

The board also approved a new share repurchase program, authorizing the company to repurchase up to $100 million of its outstanding common stock through Oct. 31, 2020.

The program replaces the company's prior share repurchase plan which was set to expire in October and under which the company bought back $10.6 million of its outstanding common stock in the past year.