Elmer Bancorp announced a cash dividend of $0.20 per common share, reflecting a 17.6% increase from the previous $0.17 per share declared in April 2021.
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.
ELMER, N.J.--(BUSINESS WIRE)--
ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on October 1, 2021, in the amount of $0.20 per common share, payable on November 1, 2021, to shareholders of record as of the close of business on October 15, 2021. This represents a 17.6% increase from the $0.17 per common share declared in April 2021.
Brian W. Jones, President and CEO of the Company stated, “The Board of Directors is pleased to enhance the shareholders’ return on their investment by increasing the dividend, while at the same time remaining diligent in managing the Company’s capital position.” Chairman of the Board P. Scott Boyer added “I would like to thank management and all of our employees for their hard work during these difficult times. Their hard work enabled us to pay this dividend. Thank you!”
The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).
