Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Quaint Oak Bancorp (OTCQB: QNTO) announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share on the company's common stock. The dividend will be payable on August 4, 2025, to shareholders of record as of July 21, 2025.

CEO Robert T. Strong indicated that the Board has decided to reduce the quarterly dividend as part of their strategy to enhance capital levels, strengthen liquidity, and reinvest in strategic initiatives for long-term success. The company operates through three regional offices in the Delaware Valley, Lehigh Valley, and Philadelphia markets, with subsidiary companies including Quaint Oak Abstract, Quaint Oak Insurance Agency, Quaint Oak Mortgage, and Oakmont Commercial.

Positive

• Company maintains dividend payments, demonstrating commitment to shareholder returns
• Strategic focus on strengthening capital levels and liquidity
• Investment in strategic initiatives for long-term growth

Negative

• Reduction in quarterly dividend amount
• Potential indication of capital preservation needs

SOUTHAMPTON, Pa., July 11, 2025 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQB: QNTO) (the “Company”), the holding company for Quaint Oak Bank, announced today that its Board of Directors declared a quarterly cash dividend of $0.04 per share on the common stock of the Company on July 9, 2025. The dividend is payable on August 4, 2025, to the shareholders of record at the close of business on July 21, 2025. Robert T. Strong, Chief Executive Officer of the Company stated, “After careful consideration, the Board decided to reduce the quarterly cash dividend as part of our continued efforts to enhance capital levels, strengthen liquidity, and allow for continued reinvestment in strategic initiatives to position the Company for long-term success. The Board remains focused on long-term profitability with a strong commitment to shareholder value.”

Quaint Oak Bancorp, Inc., a Financial Services Company, is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Company, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank’s subsidiary companies include Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC and Oakmont Commercial, LLC, a specialty commercial real estate financing company. All companies are multi-state operations.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” We undertake no obligation to update any forward-looking statements.

Contact:
Quaint Oak Bancorp, Inc.
Robert T. Strong
Chief Executive Officer
215.364.4059

FAQ

What is the new quarterly dividend amount for Quaint Oak Bancorp (QNTO)?

Quaint Oak Bancorp declared a quarterly cash dividend of $0.04 per share, payable on August 4, 2025, to shareholders of record as of July 21, 2025.

Why did Quaint Oak Bancorp (QNTO) reduce its quarterly dividend?

The company reduced the dividend to enhance capital levels, strengthen liquidity, and allow for continued reinvestment in strategic initiatives to position the company for long-term success.

When is the record date for Quaint Oak Bancorp's (QNTO) latest dividend?

The record date for Quaint Oak Bancorp's dividend is July 21, 2025, with payment scheduled for August 4, 2025.

What are Quaint Oak Bancorp's (QNTO) main subsidiary companies?

Quaint Oak Bancorp's subsidiaries include Quaint Oak Bank, Quaint Oak Abstract, Quaint Oak Insurance Agency, Quaint Oak Mortgage, and Oakmont Commercial, operating across multiple states.

Where does Quaint Oak Bancorp (QNTO) operate its regional offices?

Quaint Oak Bancorp operates regional offices in the Delaware Valley, Lehigh Valley, and Philadelphia markets.