Elmer Bancorp, Inc. Announces Cash Dividend Annual Meeting Date

Rhea-AI Summary

ELMER BANCORP, INC. (OTC Pink: ELMA) declared a $0.20 cash dividend per common share on April 1, 2022, payable on May 2, 2022, to shareholders of record as of April 15, 2022. President and CEO Brian W. Jones noted that maintaining the dividend reflects a conservative payout approach while ensuring a return on investment for shareholders. The company will hold its Annual Meeting of Shareholders virtually on June 7, 2022, at 2:00 p.m. Eastern Time, with a record date of April 14, 2022.

Positive

• Dividend maintained at $0.20 per share, indicating stable cash flow.
• Reflects a conservative dividend payout strategy, supporting investor confidence.

Negative

• None.

ELMER, N.J.--(BUSINESS WIRE)-- ELMER BANCORP, INC. (“Elmer Bancorp” or the “Company”) (OTC Pink: ELMA), parent company of The First National Bank of Elmer (the “Bank”), announced that the Board of Directors declared a cash dividend on April 1, 2022 in the amount of $0.20 per common share, payable on May 2, 2022 to shareholders of record as of the close of business on April 15, 2022.

Brian W. Jones, President and CEO of the Company stated, “The Board of Directors found it appropriate to maintain the dividend at its current level, reflecting a conservative dividend payout while continuing to provide the shareholders with a return on their investment and thereby maintaining a strong capital base.”

The Company also announced today that its Annual Meeting of Shareholders will be held virtually on Tuesday, June 7, 2022 at 2:00 p.m. Eastern Time. The record date for shareholders to vote at the Annual Meeting is April 14, 2022. Additional information regarding virtual access to the meeting will be distributed prior to the meeting.

The First National Bank of Elmer, a nationally chartered bank headquartered in Elmer, New Jersey, has a long history of serving the community since its beginnings in 1903. We are a community bank focused on providing deposit and loan products to retail customers and to small and mid-sized businesses from our six full service branch offices located in Cumberland, Gloucester and Salem Counties, New Jersey, including our main office located at 10 South Main Street in Elmer, New Jersey. Deposits at The First National Bank of Elmer are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

View source version on businesswire.com: https://www.businesswire.com/news/home/20220401005477/en/

Matthew A. Swift

Executive Vice President

Chief Financial Officer and

Chief Operating Officer

1-856-358-7000

Source: ELMER BANCORP, INC.

FAQ

What is the dividend amount declared by Elmer Bancorp on April 1, 2022?

Elmer Bancorp declared a cash dividend of $0.20 per common share.

When is the dividend payment date for Elmer Bancorp's declared dividend?

The dividend is payable on May 2, 2022.

What is the record date for shareholders to receive the dividend from Elmer Bancorp?

The record date is April 15, 2022.

When is Elmer Bancorp's Annual Meeting of Shareholders scheduled?

The Annual Meeting is set for June 7, 2022, at 2:00 p.m. Eastern Time.

What is the significance of maintaining the dividend for Elmer Bancorp?

Maintaining the dividend reflects a conservative payout strategy and supports shareholder returns.