Glen Burnie Bancorp Declares 1Q 2021 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) has declared a regular dividend of $0.10 per share, marking its 115th consecutive dividend. The decision was made during the Board of Directors meeting on April 8, 2021. The dividend is scheduled for payment on April 30, 2021, to shareholders on record by the close of business on April 19, 2021. As of March 31, 2021, the bank maintains consolidated assets of $436.7 million, serving the Anne Arundel County area with eight branches since its establishment in 1949.

Positive

• Declared a regular dividend of $0.10 per share, signaling consistent shareholder returns.
• Maintains consolidated assets of $436.7 million, indicating financial stability.

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• None.

GLEN BURNIE, Md., April 09, 2021 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ: GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on April 8, 2021. This action marks the company’s 115^th consecutive dividend.

The regular dividend is payable on April 30, 2021 to shareholders of record at the close of business on April 19, 2021.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $436.7 million at March 31, 2021. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serving Anne Arundel County, MD (www.thebankofglenburnie.com).

Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.

FAQ

What is the dividend amount declared by GLBZ?

Glen Burnie Bancorp declared a dividend of $0.10 per share.

When will the dividend be paid to GLBZ shareholders?

The dividend will be paid on April 30, 2021.

What is the significance of the 115th consecutive dividend for GLBZ?

It demonstrates Glen Burnie Bancorp's commitment to returning value to its shareholders.

Who are the shareholders of record for the upcoming GLBZ dividend?

Shareholders on record by the close of business on April 19, 2021, will receive the dividend.