Texas Community Bancshares, Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

Texas Community Bancshares, the holding company of Broadstreet Bank, SSB, announced a quarterly cash dividend of $0.04 per share. The dividend will be payable on June 28, 2024, to stockholders of record as of June 14, 2024. Broadstreet Bank, established in 1934, operates seven locations in northeast Texas and has grown into a $463 million community bank. The bank offers full-service personal and business banking, as well as residential and commercial real estate lending.

Positive

• Quarterly cash dividend declared: $0.04 per share.
• Payment date: June 28, 2024; record date: June 14, 2024.
• Broadstreet Bank has $463 million in assets.
• Ninety years of operational experience.
• Seven locations in northeast Texas.

Negative

• Dividend yield might be considered low at $0.04 per share.
• No mentioned increase in dividend compared to previous periods.

MINEOLA, Texas, May 21, 2024 /PRNewswire/ -- Texas Community Bancshares, Inc. (the "Company") (NASDAQ: "TCBS"), the holding company of Broadstreet Bank, SSB, announced today that its Board of Directors has declared the payment of a quarterly cash dividend in the amount of $0.04 per share of common stock. The dividend will be payable on or about June 28, 2024 to stockholders of record as of the close of business on June 14, 2024.

About Texas Community Bancshares, Inc. and Broadstreet Bank, SSB

Texas Community Bancshares is the holding company for Broadstreet Bank, SSB, a Texas-chartered savings bank that operates seven locations in northeast Texas. Established in 1934, Broadstreet Bank opened as a Savings and Loan Association with $4,057 in assets and has since grown into a $463 million dollar community bank. The Bank leverages ninety years of proven strength in creating financial opportunities for the communities it serves by offering full-service personal and business banking to consumers along with residential and commercial real estate lending. For more information on the Bank, or to view investor relations for the Company, visit www.broadstreet.bank.

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SOURCE Texas Community Bancshares, Inc.

FAQ

What is the dividend amount announced by Texas Community Bancshares for Q2 2024?

The dividend amount announced by Texas Community Bancshares for Q2 2024 is $0.04 per share.

When is the dividend payment date for TCBS stock?

The dividend payment date for TCBS stock is June 28, 2024.

What is the record date for the TCBS dividend?

The record date for the TCBS dividend is June 14, 2024.

How many locations does Broadstreet Bank operate?

Broadstreet Bank operates seven locations in northeast Texas.

What are the total assets of Broadstreet Bank?

The total assets of Broadstreet Bank amount to $463 million.

What types of banking services does Broadstreet Bank offer?

Broadstreet Bank offers full-service personal and business banking, as well as residential and commercial real estate lending.