Absecon Bancorp Declares Fourth-Quarter Cash Dividend of $0.90 Per Share
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – ASCN
The recorded move for ASCN in the trading session of this news was +1.25%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
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 |
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