Jeffersonville Bancorp Announces Special Dividend of $0.25 per share

Jeffersonville Bancorp declares a one-time $0.25 per share cash dividend, reflecting strong earnings and capital levels.

Rhea-AI Summary

Jeffersonville Bancorp (JFBC) declared a special cash dividend of $0.25 per share on its common stock, approved at the board meeting on September 15, 2026. The dividend will be paid on October 7, 2026 to shareholders of record as of the close of business on September 29, 2026.

The company cites higher loan interest income, solid credit quality, low core funding costs, a strong capital position, and a high level of earnings as reasons the board is able to issue this special dividend.

Positive

• One-time special cash dividend of $0.25 per share
• Dividend payable on October 7, 2026 with record date September 29, 2026
• Company reports higher loan interest income and low core funding costs supporting payout
• Management cites strong capital position and high earnings as basis for dividend

Negative

• None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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JEFFERSONVILLE, N.Y., Sept. 15, 2026 (GLOBE NEWSWIRE) -- Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced today that a special cash dividend in the amount of twenty-five cents ($0.25) per share on the common stock of the company was declared at the September 15, 2026 meeting of the Board of Directors. The dividend is payable on October 7, 2026 to stockholders of record at the close of business on September 29, 2026.

“As announced in our second quarter earnings release last month, the Company continues to outperform peers due to higher loan interest income, solid credit quality, and low core funding costs," said George W. Kinne, Jr., President and CEO. “The Board of Directors is pleased that with its strong capital position and high level of earnings, they are able to reward our loyal shareholders with this special cash dividend."

Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank, National Association (Jeff Bank). Jeff Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.

For More Information, call: 845-482-4000

Contact: George W. Kinne, Jr., President – CEO

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When must investors own Jeffersonville Bancorp shares to receive the special dividend?

Investors must be stockholders of record at the close of business on September 29, 2026 to be eligible for the $0.25 per share special cash dividend, which is scheduled to be paid on October 7, 2026.

How does Jeffersonville Bancorp describe the business conditions enabling this special dividend?

The company attributes the special dividend to higher loan interest income, solid credit quality, low core funding costs, a strong capital position, and a high level of earnings, which the board states allow it to reward shareholders with this additional cash payout.