Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.37 per Share

Rhea-AI Summary

Calvin B. Taylor Bankshares (OTCQX:TYCB) has announced a quarterly cash dividend increase to $0.37 per share for Q1 2025, representing a 2.8% increase from the previous quarter and a 5.7% rise year-over-year. The dividend will be paid on May 1, 2025, to stockholders of record as of April 21, 2025.

CEO M. Dean Lewis highlighted the company's commitment to providing stable returns to stockholders despite market volatility. He noted that successful growth in loans and deposits during 2024 has positioned the bank with a strong balance sheet and ample liquidity for executing strategic priorities aimed at maximizing earnings and stockholder value.

Positive

• Quarterly dividend increased by 2.8% to $0.37 per share
• Year-over-year dividend growth of 5.7%
• Strong balance sheet and ample liquidity reported
• Successful growth in loans and deposits during 2024

Negative

• Ongoing financial market volatility noted
• Concerns about economic outlook mentioned

News Market Reaction – TYCB

-7.69%

1 alert

-7.69% News Effect

On the day this news was published, TYCB declined 7.69%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

BERLIN, MD / ACCESS Newswire / April 11, 2025 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced that the Board of Directors declared a regular quarterly cash dividend of $0.37 per share for the first quarter of 2025 which is an increase of $0.01 per share, as compared to the prior quarter. This regular quarterly cash dividend of $0.37 per share is 2.8% higher than the previous quarter cash dividend and 5.7% higher than the quarterly cash dividend for the first quarter of 2024. This dividend is payable on May 1, 2025 to stockholders of record as of the close of business on April 21, 2025

"The increase of the quarterly dividend continues our history of providing a meaningful and stable cash return to our stockholders, despite ongoing financial market volatility and concerns about the economic outlook," said M. Dean Lewis, Chief Executive Officer and President. "Our success of growing loans and deposits in 2024 has carried us into 2025 with a strong balance sheet, ample liquidity, and will allow us to continue executing strategic priorities to maximize earnings and stockholder value."

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About Calvin B. Taylor Bank
Calvin B. Taylor Bank, the bank subsidiary of Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), founded in 1890, offers a wide range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. Calvin B. Taylor Bank has 12 banking locations in Maryland, Delaware, and Virginia on the Delmarva Peninsula.

Contact
Philip E. O'Neil, Chief Financial Officer and Executive Vice President
410-641-1700, taylorbank.com

SOURCE: Calvin B. Taylor Bankshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the new quarterly dividend amount for Calvin B. Taylor Bankshares (TYCB) in Q1 2025?

Calvin B. Taylor Bankshares (TYCB) declared a quarterly dividend of $0.37 per share for Q1 2025, an increase of $0.01 from the previous quarter.

When is the Q1 2025 dividend payment date for TYCB shareholders?

The dividend will be paid on May 1, 2025, to stockholders of record as of April 21, 2025.

How much has TYCB's dividend increased compared to Q1 2024?

TYCB's Q1 2025 dividend represents a 5.7% increase compared to the quarterly cash dividend for Q1 2024.

What is the percentage increase in TYCB's quarterly dividend compared to the previous quarter?

The Q1 2025 dividend of $0.37 per share represents a 2.8% increase compared to the previous quarter.