Glen Burnie Bancorp Declares 4Q 2022 Dividend

On January 12, 2023, Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of ten cents ($0.10) per share, marking its 122nd consecutive dividend payment.

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Rhea-AI Summary

On January 12, 2023, Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of ten cents ($0.10) per share, marking its 122nd consecutive dividend payment. This dividend is payable on February 6, 2023, to shareholders of record as of January 23, 2023. Glen Burnie Bancorp reported consolidated assets of $381.3 million as of December 31, 2022. The Bank of Glen Burnie, founded in 1949, operates as a community bank with eight branches in Anne Arundel County, Maryland.

Positive

Regular dividend declared: $0.10 per share
122 consecutive dividend payments
Strong asset base: $381.3 million as of December 31, 2022

Negative

None.

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News Market Reaction – GLBZ

The recorded move for GLBZ in the trading session of this news was +3.74%.

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01/13/2023 - 10:05 AM EST

GLEN BURNIE, Md., Jan. 13, 2023 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on January 12, 2023. This action marks the company’s 122nd consecutive dividend.

The regular dividend is payable on February 6, 2023, to shareholders of record at the close of business on January 23, 2023.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $381.3 million at December 31, 2022. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serving Anne Arundel County, MD (www.thebankofglenburnie.com).

Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.

FAQ

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What is the dividend amount declared by GLBZ?

Glen Burnie Bancorp declared a dividend of $0.10 per share.

When will the GLBZ dividend be paid?

The dividend will be payable on February 6, 2023.

What is the record date for the GLBZ dividend?

The record date for the dividend is January 23, 2023.

How many consecutive dividends has GLBZ paid?

Glen Burnie Bancorp has paid 122 consecutive dividends.

What are Glen Burnie Bancorp's total assets?

The company reported total consolidated assets of $381.3 million as of December 31, 2022.

Glen Burnie Bancorp Declares 4Q 2022 Dividend