Capital Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Rhea-AI Summary

Capital Bancorp, Inc. (NASDAQ: CBNK) has declared a cash dividend of $0.06 per share on its common stock, payable on November 23, 2022. Shareholders of record as of November 7, 2022 will receive this dividend. The company, based in Rockville, Maryland, operates Capital Bank, which is the fourth largest bank in Maryland with assets of approximately $2.0 billion as of September 30, 2022. Capital Bancorp has been delivering financial services since 1999.

Positive

• Dividend of $0.06 per share enhances shareholder income.
• Strong asset base of approximately $2.0 billion indicates financial stability.
• Company's long history since 1999 reflects established market presence.

Negative

• None.

ROCKVILLE, Md., Oct. 26, 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 $0.06 per share. The dividend is payable on November 23, 2022 to shareholders of record as of November 7, 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 September 30, 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 $2.0 billion at September 30, 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

When is the dividend payment date for CBNK?

The dividend payment date for Capital Bancorp (CBNK) is November 23, 2022.

What is the amount of the dividend declared by CBNK?

Capital Bancorp has declared a cash dividend of $0.06 per share.

Who are eligible shareholders for the CBNK dividend?

Shareholders of record as of November 7, 2022, are eligible for the dividend.

How long has Capital Bancorp been in operation?

Capital Bancorp has been providing financial services since 1999.

What is the market position of Capital Bank in Maryland?

Capital Bank is the fourth largest bank headquartered in Maryland.