Surrey Bancorp Announces Third Quarter Cash Dividend of $0.105 per Common Share

Rhea-AI Summary

The Board of Directors of Surrey Bancorp (SRYB) declared a quarterly cash dividend of $0.105 per share on August 18, 2021. This dividend is payable on October 8, 2021, to shareholders recorded as of September 17, 2021. CEO Ted Ashby emphasized that this decision reflects the company's strong financial position and commitment to enhancing shareholder value. Surrey Bancorp, the parent company of Surrey Bank & Trust, operates multiple branches across North Carolina and Virginia.

Positive

• Declared a quarterly cash dividend of $0.105 per share.
• Dividend payment reflects strong financial performance.

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• None.

MOUNT AIRY, N.C., Aug. 18, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Surrey Bancorp (“the Company”, Pink Sheets: SRYB) has declared a quarterly cash dividend of 10.5 cents ($0.105) per share on the Company’s common stock. The cash dividend is payable on October 8, 2021, to shareholders of record as of the close of business on September 17, 2021. Ted Ashby, President/CEO of Surrey Bancorp, stated the dividend was based on the Company’s current operating results, its strong financial condition and a commitment to delivering shareholder value.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust (the “Bank”) and is located at 145 North Renfro Street, Mount Airy, North Carolina. The Bank operates full service branch offices at 145 North Renfro Street, 1280 West Pine Street and 2050 Rockford Street in Mount Airy. Full-service branch offices are also located at 653 South Key Street in Pilot Mountain, 393 CC Camp Road in Elkin and 1096 Main Street in North Wilkesboro, North Carolina and 940 Woodland Drive in Stuart, Virginia.

Surrey Bank & Trust can be found online at www.surreybank.com.

For additional information, please contact
Ted Ashby, CEO, or Mark Towe, CFO
(336) 783-3900

FAQ

What is the dividend amount for SRYB and when is it payable?

The dividend amount for Surrey Bancorp (SRYB) is $0.105 per share, payable on October 8, 2021.

When is the record date for the SRYB dividend?

The record date for the dividend payment of Surrey Bancorp (SRYB) is September 17, 2021.

How often does SRYB declare dividends?

Surrey Bancorp (SRYB) declares dividends quarterly.

What is the significance of the dividend declared by SRYB?

The dividend reflects the company's strong financial condition and commitment to shareholder value.