Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) has declared a quarterly cash dividend of $0.11 per share, up from $0.09, reflecting a 22.2% increase.
Sentiment and the balance of points
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Rhea-AI Summary
Quaint Oak Bancorp, Inc. (OTCQB: QNTO) has declared a quarterly cash dividend of $0.11 per share, up from $0.09, reflecting a 22.2% increase. This dividend is payable on May 10, 2021, to shareholders of record as of April 26, 2021. President and CEO Robert T. Strong highlighted that this increase showcases the company's strong financial performance for fiscal 2020 and its ongoing commitment to shareholder value.
Positive
- Quarterly cash dividend increased from $0.09 to $0.11 per share, a 22.2% rise.
- Reflects strong financial performance for fiscal 2020.
- Demonstrates commitment to long-term profitability and shareholder value.
Negative
- None.
Details
News Market Reaction – QNTO
The recorded move for QNTO in the trading session of this news was +0.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SOUTHAMPTON, Pa., April 15, 2021 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQB: QNTO) (the "Company"), the holding company for Quaint Oak Bank, announced today that its Board of Directors at their meeting on April 14, 2021, declared a quarterly cash dividend of
Robert T. Strong, President and Chief Executive Officer stated, “I am pleased to announce the increase in our quarterly cash dividend moving from the current
Quaint Oak Bancorp, Inc. 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 Quaint Oak Real Estate, LLC. These subsidiary companies conduct business from numerous locations within the Bank’s market area. Additionally, the Bank holds a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.
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, President and Chief Executive Officer (215) 364-4059 | |
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