QNB Corp. Increases Dividend
Rhea-AI Summary
QNB Corp. (OTC: QNBC) declared a quarterly cash dividend of $0.35 per share, marking a 2.9% increase from the previous quarter. The dividend corresponds to a yield of 4.2% based on the closing price as of February 22, 2021. Shareholders of record by March 12, 2021, will receive the payment on March 26, 2021. CEO David W. Freeman attributed the dividend increase to the company's strong financial performance and well-capitalized position, allowing for an uninterrupted history of quarterly dividends.
AI-generated analysis. Not financial advice.
Positive
- Quarterly cash dividend increased by 2.9%.
- Yield of 4.2% based on recent closing price.
- Continued solid financial performance noted by CEO.
- Well-capitalized position supports uninterrupted dividend history.
Negative
- None.
News Market Reaction – QNBC
On the day this news was published, QNBC declined 1.35%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
QUAKERTOWN, PA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 23, 2021 declared a quarterly cash dividend of
“As a result of the continued solid financial performance of QNB Corp., the Board of Directors is pleased to be able to increase the dividend by
QNB Corp. offers commercial and retail banking services through the twelve banking offices of its subsidiary, QNB Bank. QNB Corp.’s stock is traded in the over-the-counter market under the symbol “QNBC.” For more information, visit QNB’s web site at QNBbank.com.
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CONTACT: David W. Freeman – President/Chief Executive Officer
215-538-5600 x5619