Auburn National Bancorporation, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Auburn National Bancorporation (AUBN) announced a cash dividend of $0.27 per share for the first quarter of 2023, to be paid on March 27, 2023, to shareholders recorded by March 10, 2023. This dividend represents a 2% increase over the previous year's first quarter dividend and marks the 22nd consecutive year of dividend growth. The company, which operates AuburnBank, has total assets of approximately $1.0 billion and serves East Alabama with eight branches, reflecting its commitment to shareholder value.

Positive

• Declared a cash dividend of $0.27 per share, indicating financial stability.
• 2% increase in dividend compared to Q1 2022, showcasing growth.
• 22 consecutive years of dividend increases, highlighting strong shareholder commitment.

Negative

• None.

AUBURN, Ala., Feb. 14, 2023 (GLOBE NEWSWIRE) -- On February 14, 2023, the Board of Directors of Auburn National Bancorporation, Inc. (the “Company”) (Nasdaq: AUBN) declared a first quarter $0.27 per share cash dividend, payable March 27, 2023 to shareholders of record as of March 10, 2023. This represents a 2% increase over dividends declared for the first quarter of 2022 and it marks the 22^nd consecutive year that the Company has increased its cash dividend to shareholders.

About Auburn National Bancorporation

Auburn National Bancorporation, Inc. (the “Company”) is the parent company of AuburnBank (the “Bank”), with total assets of approximately $1.0 billion. The Bank is an Alabama state-chartered bank that is a member of the Federal Reserve System, which has operated continuously since 1907. Both the Company and the Bank are headquartered in Auburn, Alabama. The Bank conducts its business in East Alabama, including Lee County and surrounding areas. The Bank operates eight full-service branches in Auburn, Opelika, Valley, and Notasulga, Alabama. The Bank also operates a loan production office in Phenix City, Alabama. Additional information about the Company and the Bank may be found by visiting www.auburnbank.com.

For additional information, contact:
David A Hedges
President and CEO
(334) 821-9200

FAQ

What is the dividend amount declared by AUBN for Q1 2023?

AUBN declared a cash dividend of $0.27 per share for Q1 2023.

When is the dividend payment date for AUBN in 2023?

The dividend will be paid on March 27, 2023.

What is the record date for AUBN's dividend payment?

The record date for the dividend payment is March 10, 2023.

How much has AUBN increased its dividend compared to last year?

AUBN has increased its dividend by 2% compared to Q1 2022.

How many consecutive years has AUBN increased its dividend?

AUBN has increased its dividend for 22 consecutive years.