Penns Woods Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Penns Woods Bancorp has declared a second quarter 2020 cash dividend of $0.32 per share, a $0.01 increase compared to the second quarter 2019, adjusted for a stock split. The dividend is payable on June 23, 2020 to shareholders of record on June 9, 2020. Penns Woods Bancorp operates through its subsidiaries, Jersey Shore State Bank and Luzerne Bank, serving areas in Pennsylvania with a variety of banking services. The company's stock trades on NASDAQ under the symbol PWOD.

Positive

• Dividend increase to $0.32 per share indicates strong company performance.
• Dividend payable date is set for June 23, 2020, enhancing shareholder returns.

Negative

• None.

WILLIAMSPORT, Pa., May 26, 2020 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company’s Board of Directors declared a second quarter 2020 cash dividend of $0.32 per share.  The dividend represents an increase of $0.01 over the second quarter 2019 dividend as adjusted for a 3 for 2 common stock split during the third quarter of 2019.

The dividend is payable June 23, 2020 to shareholders of record June 9, 2020. 

About Penns Woods Bancorp, Inc.
Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank and Luzerne Bank.  The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions.  Penns Woods Bancorp, Inc. stock is listed on the NASDAQ National Market under the symbol PWOD. 

Previous press releases and additional information can be obtained from the company’s website at www.pwod.com.

Richard A. Grafmyre, Chief Executive Officer
                        300 Market Street, Williamsport,  PA,  17701
                        (570) 322-1111
                        (888) 412-5772
                        pwod@pwod.com
                        www.pwod.com

FAQ

What is the amount of the dividend declared by Penns Woods Bancorp?

The declared dividend is $0.32 per share.

When is the dividend payable for PWOD?

The dividend is payable on June 23, 2020.

What was the increase in the dividend compared to the previous year?

The dividend increased by $0.01 compared to the second quarter 2019.

What is the record date for the dividend payment?

The record date for the dividend payment is June 9, 2020.