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Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.35 per Share

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Calvin B. Taylor Bankshares, Inc. (TYCB) has announced an increase in their quarterly cash dividend to $0.35 per share for the first quarter of 2024, marking a $0.01 increase compared to the prior quarter. The dividend is payable on May 2, 2024, to stockholders of record as of April 22, 2024. The company's President and CEO, Raymond M. Thompson, highlighted the strong earnings performance in the 1st quarter of 2024 and emphasized the stable liquidity, asset quality, and capital metrics. The decision to raise the dividend showcases the Board's commitment to providing a consistent and sustainable return on investment for stockholders.
Calvin B. Taylor Bankshares, Inc. (TYCB) ha annunciato un aumento del dividendo trimestrale in contanti a $0,35 per azione per il primo trimestre del 2024, con un aumento di $0,01 rispetto al trimestre precedente. Il dividendo sarà pagabile il 2 maggio 2024 agli azionisti registrati al 22 aprile 2024. Il Presidente e CEO, Raymond M. Thompson, ha sottolineato l'ottima performance di guadagno nel primo trimestre del 2024, evidenziando la stabilità della liquidità, la qualità degli asset e gli indicatori di capitale. La decisione di aumentare il dividendo dimostra l'impegno del Consiglio di amministrazione nel fornire un rendimento costante e sostenibile agli azionisti.
Calvin B. Taylor Bankshares, Inc. (TYCB) ha anunciado un aumento en su dividendo trimestral en efectivo a $0,35 por acción para el primer trimestre de 2024, marcando un incremento de $0,01 en comparación con el trimestre anterior. El dividendo se pagará el 2 de mayo de 2024 a los accionistas registrados hasta el 22 de abril de 2024. El presidente y CEO, Raymond M. Thompson, destacó el fuerte rendimiento en ganancias del primer trimestre de 2024 y enfatizó en la estabilidad de la liquidez, calidad de los activos y métricas de capital. La decisión de incrementar el dividendo muestra el compromiso de la junta directiva de ofrecer un retorno de inversión consistente y sostenible para los accionistas.
Calvin B. Taylor Bankshares, Inc. (TYCB)는 2024년 1분기에 주당 0.35달러의 분기 배당금을 인상한다고 발표했습니다. 이는 지난 분기보다 0.01달러 증가한 것입니다. 배당금은 2024년 5월 2일에 기록된 주주들에게 지급될 예정입니다. 회사의 사장이자 CEO인 레이먼드 M. 톰슨은 2024년 1분기의 강력한 수익 성과를 강조하며 유동성, 자산의 질, 그리고 자본 메트릭스의 안정성을 강조했습니다. 배당금 인상 결정은 이사회가 주주들에게 지속 가능하고 일관된 투자 수익을 제공하려는 의지를 보여줍니다.
Calvin B. Taylor Bankshares, Inc. (TYCB) a annoncé une augmentation de son dividende trimestriel en espèces à 0,35 $ par action pour le premier trimestre de 2024, soit une augmentation de 0,01 $ par rapport au trimestre précédent. Le dividende sera payable le 2 mai 2024 aux actionnaires inscrits au 22 avril 2024. Le président et CEO, Raymond M. Thompson, a souligné la solide performance de revenus du premier trimestre 2024 et a mis en avant la liquidité stable, la qualité des actifs et les métriques de capital. La décision d'augmenter le dividende témoigne de l'engagement du conseil à offrir un retour sur investissement cohérent et durable aux actionnaires.
Calvin B. Taylor Bankshares, Inc. (TYCB) hat eine Erhöhung seiner vierteljährlichen Bardividende auf $0,35 pro Aktie für das erste Quartal 2024 bekanntgegeben, was einer Erhöhung um $0,01 im Vergleich zum vorherigen Quartal entspricht. Die Dividende wird am 2. Mai 2024 an die am 22. April 2024 eingetragenen Aktionäre ausgezahlt. Der Präsident und CEO, Raymond M. Thompson, hob die starke Ertragsleistung im ersten Quartal 2024 hervor und betonte die stabile Liquidität, die Qualität der Vermögenswerte und die Kapitalindikatoren. Die Entscheidung zur Erhöhung der Dividende zeigt das Engagement des Vorstands, den Aktionären eine konstante und nachhaltige Rendite zu bieten.
Positive
  • Increase in quarterly cash dividend to $0.35 per share for the first quarter of 2024.
  • Dividend payable on May 2, 2024, to stockholders of record as of April 22, 2024.
  • President and CEO emphasized strong earnings performance and stable financial metrics.
  • Board's commitment to providing consistent and sustainable return on investment.
  • Persistent U.S. inflation may delay interest rate decreases until late summer or early fall 2024.
Negative
  • None.

BERLIN, MD / ACCESSWIRE / April 19, 2024 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced the Board of Directors has declared a regular quarterly cash dividend of $0.35 per share for the first quarter of 2024 which is an increase of $0.01 per share, compared to the prior quarter. This dividend is payable on May 2, 2024 to stockholders of record as of the close of business on April 22, 2024.

Raymond M. Thompson, President and Chief Executive Officer commented, "The Company experienced strong earnings performance during the 1st quarter of 2024. Persistent U.S. inflation suggests that the Federal Open Market Committee will delay previously forecasted interest rate decreases until late summer or early fall 2024. The Company's liquidity, asset quality and capital metrics remain healthy and stable. The dividend increase this quarter reflects the Board's ongoing commitment to stockholders by providing a consistent and sustainable return on investment."

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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 11 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.

Contact
M. Dean Lewis, Executive Vice President and Chief Financial Officer
410-641-1700, taylorbank.com

SOURCE: Calvin B. Taylor Bankshares, Inc.



View the original press release on accesswire.com

FAQ

What is the new quarterly cash dividend per share announced by Calvin B. Taylor Bankshares, Inc. for the first quarter of 2024?

Calvin B. Taylor Bankshares, Inc. has announced an increase in the quarterly cash dividend to $0.35 per share for the first quarter of 2024.

When is the dividend payable to stockholders of Calvin B. Taylor Bankshares, Inc. for the first quarter of 2024?

The dividend is payable on May 2, 2024, to stockholders of record as of April 22, 2024.

Who is the President and CEO of Calvin B. Taylor Bankshares, Inc.?

Raymond M. Thompson is the President and Chief Executive Officer of Calvin B. Taylor Bankshares, Inc.

What did the President and CEO emphasize regarding the company's performance in the 1st quarter of 2024?

The President and CEO emphasized the strong earnings performance and stable liquidity, asset quality, and capital metrics of the company in the 1st quarter of 2024.

Why did the Board of Calvin B. Taylor Bankshares, Inc. decide to raise the dividend for the first quarter of 2024?

The decision to raise the dividend reflects the Board's commitment to providing a consistent and sustainable return on investment for stockholders.

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Calvin B. Taylor Bankshares, Inc.

OTC:TYCB

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TYCB Stock Data

137.69M
2.14M
Commercial Banking
Finance and Insurance
Link
United States of America
Berlin

About TYCB

calvin b. taylor bankshares, inc. operates as the holding company for calvin b. taylor banking company that provides commercial banking products and services for individuals, small-to medium-sized businesses, associations, and governmental entities. it accepts checking, money market, savings, and individual retirement accounts, as well as certificates of deposit. the company also offers consumer loans to individuals for personal, family, or household purchases, such as automobiles, trucks and vans, mobile homes, and personal expenses; mortgage loans comprising secured loans to individuals to purchase, construct, or enhance a primary or second home property; commercial loans, including secured and unsecured loans for business and professional purposes to retailers, wholesalers, service and related businesses, and manufacturers. in addition, it provides debit cards; atm services; and online, mobile, and phone banking services. the company has 11 banking locations within the eastern coast