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
Negative
- None.
News Market Reaction – ASCN
In the trading session that priced this news, ASCN gained 9.89%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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 |
