Capital Bancorp Declares Quarterly Cash Dividend of $0.05 per Share
Rhea-AI Summary
On April 25, 2022, Capital Bancorp, Inc. (NASDAQ: CBNK) announced a cash dividend of $0.05 per share, to be paid on May 25, 2022, to shareholders on record as of May 9, 2022. The company, based in Rockville, Maryland, operates as a bank holding company and is the fourth largest bank in Maryland, boasting assets of approximately $2.1 billion as of March 31, 2022. Capital Bank has been providing financial services since 1999 and has multiple branches in the greater Washington, D.C. and Baltimore areas.
Positive
- Dividend declared of $0.05 per share
- Dividend payment date set for May 25, 2022
- Company has strong asset base of $2.1 billion
Negative
- None.
News Market Reaction – CBNK
In the trading session that priced this news, CBNK gained 1.08%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ROCKVILLE, Md., April 25, 2022 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of
ABOUT CAPITAL BANCORP, INC.
Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at March 31, 2022. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately
FINANCIAL CONTACT: Alan Jackson (240) 283-0402
MEDIA CONTACT: Ed Barry (240) 283-1912
