Absecon Bancorp Declares First-Quarter Cash Dividend of $0.90 Per Share

Rhea-AI Summary

Absecon Bancorp (ASCN) has declared a quarterly cash dividend of $0.90 per share for the first quarter. The dividend will be paid on March 28, 2025 to shareholders of record as of March 14, 2025.

The First National Bank of Absecon, established in 1916, operates as a community bank in Atlantic County, New Jersey, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. The bank specializes in providing deposit and loan products to retail customers and small to mid-sized businesses. All deposits are FDIC-insured up to the legal maximum amount.

Positive

• Regular quarterly dividend maintained at $0.90 per share

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• None.

ABSECON, N.J., March 05, 2025 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.90 per share, payable on March 28, 2025 to shareholders of record as of March 14, 2025.

The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916. The company is a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from its primary market area in Atlantic County, New Jersey, and secondary markets consisting of portions of Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. Deposits at The First National Bank of Absecon are insured up to the legal maximum amount by the Federal Deposit Insurance Corporation (FDIC).

Dividend distributions are processed by Computershare Trust Company, N.A. (“Agent”).

Contact:

C. Eric Gaupp, Vice Chairman President, and Chief Executive Officer 106 New Jersey Avenue PO Box 324 Absecon, NJ 08201 Office: 609-641-6300 email: egaupp@FNBAbsecon.com

FAQ

When will ASCN pay its Q1 2025 dividend?

Absecon Bancorp will pay its Q1 2025 dividend of $0.90 per share on March 28, 2025 to shareholders of record as of March 14, 2025.

What is the dividend amount for ASCN stock in Q1 2025?

ASCN's quarterly dividend amount is $0.90 per share for Q1 2025.

What is the record date for ASCN's Q1 2025 dividend?

The record date for ASCN's Q1 2025 dividend is March 14, 2025.

Which markets does Absecon Bancorp (ASCN) serve?

ASCN primarily serves Atlantic County, NJ, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties.