Capital Bancorp Declares Quarterly Cash Dividend of $0.05 per Share

Rhea-AI Summary

On April 25, 2022, Capital Bancorp, Inc. (NASDAQ: CBNK) announced a cash dividend of $0.05 per share, to be paid on May 25, 2022, to shareholders on record as of May 9, 2022. The company, based in Rockville, Maryland, operates as a bank holding company and is the fourth largest bank in Maryland, boasting assets of approximately $2.1 billion as of March 31, 2022. Capital Bank has been providing financial services since 1999 and has multiple branches in the greater Washington, D.C. and Baltimore areas.

Positive

• Dividend declared of $0.05 per share
• Dividend payment date set for May 25, 2022
• Company has strong asset base of $2.1 billion

Negative

• None.

ROCKVILLE, Md., April 25, 2022 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of $0.05 per share. The dividend is payable on May 25, 2022 to shareholders of record as of May 9, 2022.

ABOUT CAPITAL BANCORP, INC.

Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at March 31, 2022. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets of approximately $2.1 billion at March 31, 2022 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.” More information can be found at the Company's website www.CapitalBankMD.com under its investor relations page.

FINANCIAL CONTACT: Alan Jackson (240) 283-0402

MEDIA CONTACT: Ed Barry (240) 283-1912

FAQ

What is the dividend amount for CBNK?

The dividend amount declared by Capital Bancorp, Inc. is $0.05 per share.

When is the CBNK dividend payment date?

The dividend payment date for CBNK is scheduled for May 25, 2022.

Who qualifies for the CBNK dividend?

Shareholders of record as of May 9, 2022 qualify for the CBNK dividend.

How often does CBNK pay dividends?

The frequency of dividends paid by CBNK is determined by the Board of Directors and may vary.

Is the CBNK dividend sustainable?

The sustainability of the CBNK dividend depends on the company's financial performance and Board decisions.