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

Rhea-AI Summary

Absecon Bancorp (ASCN) has declared a regular quarterly cash dividend of $0.90 per share, payable on December 30, 2024, to shareholders of record as of December 17, 2024. The company operates through First National Bank of Absecon, a community bank established in 1916 and headquartered in Absecon, New Jersey.

The bank focuses on providing deposit and loan products to retail customers and small to mid-sized businesses primarily in Atlantic County, New Jersey, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties. All deposits are FDIC-insured up to the legal maximum amount.

Positive

• Consistent quarterly dividend payment of $0.90 per share
• Strong regional presence across multiple New Jersey counties
• Established market position with over 100 years of operation

Negative

• None.

ABSECON, N.J., Dec. 06, 2024 (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 December 30, 2024 to shareholders of record as of December 17, 2024.

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 Absecon Bancorp (ASCN) pay its Q4 2024 dividend?

Absecon Bancorp will pay its Q4 2024 dividend of $0.90 per share on December 30, 2024, to shareholders of record as of December 17, 2024.

What is the dividend amount for Absecon Bancorp (ASCN) in Q4 2024?

Absecon Bancorp declared a quarterly cash dividend of $0.90 per share for Q4 2024.

What is the record date for Absecon Bancorp's (ASCN) Q4 2024 dividend?

The record date for Absecon Bancorp's Q4 2024 dividend is December 17, 2024.

Which markets does Absecon Bancorp (ASCN) serve?

Absecon Bancorp primarily serves Atlantic County, New Jersey, with secondary markets in Burlington, Cape May, Cumberland, Gloucester, and Ocean Counties.