JD Bancshares, Inc. Announces Stock Split and Second Quarter Cash Dividend
JD Bancshares, Inc. (OTCQX:JDVB) announced a 2-for-1 stock split at its board meeting on July 20, 2021, effective as a 100% stock dividend.
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Rhea-AI Summary
JD Bancshares, Inc. (OTCQX:JDVB) announced a 2-for-1 stock split at its board meeting on July 20, 2021, effective as a 100% stock dividend. Shareholders will receive an additional share for every share held as of the record date, with distribution on August 20, 2021. Additionally, a cash dividend of $0.45 per share will be paid on August 6, 2021, to shareholders of record as of July 30, 2021.
CEO Bruce Elder expressed optimism about enhancing market liquidity and future investor engagement.
Positive
- 2-for-1 stock split aimed at improving market liquidity.
- Cash dividend of $0.45 per share scheduled for August 6, 2021.
Negative
- None.
Details
News Market Reaction – JDVB
The recorded move for JDVB in the trading session of this news was -1.83%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JENNINGS, LA / ACCESSWIRE / July 21, 2021 / JD Bancshares, Inc. (OTCQX:JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc. (the "Company"), announced that at its regularly scheduled meeting on July 20, 2021, the Board approved a 2-for-1 stock split of the Company's common shares. The stock split will be affected in the form of a
In addition, the Board declared a cash dividend in the amount of
Bruce W. Elder, President and CEO, stated, "We are pleased to announce this stock split and believe doubling the number of shares outstanding will improve the market liquidity of shares. Additionally, we look forward to participating in an investor conference this fall to promote new interest in the Company. Our long-term business strategy includes rewarding shareholders through stock price appreciation and cash dividends."
Additional information on the stock split, including a set of frequently asked questions, will be sent to shareholders in advance of the share distribution.
About JD Bancshares, Inc.
JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana. JD Bank has been serving the citizens of southwest Louisiana since 1947 and offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 23 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. JD Bancshares, Inc. may be accessed on its website at www.jdbank.com/investor relations.
JD Bancshares, Inc. (OTCQX:JDVB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
CONTACT:
JD Bancshares, Inc.
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-824-1422)
Website: www.jdbank.com
SOURCE: JD Bancshares, Inc.
View source version on accesswire.com:
https://www.accesswire.com/656473/JD-Bancshares-Inc-Announces-Stock-Split-and-Second-Quarter-Cash-Dividend
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