Glen Burnie Bancorp Declares 1Q 2022 Dividend

Rhea-AI Summary

On April 14, 2022, Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share, marking the company's 119th consecutive dividend. This dividend is scheduled for payment on May 9, 2022, to shareholders on record by April 25, 2022. As of March 31, 2022, the bank reported consolidated assets of $437.4 million. Glen Burnie Bancorp operates The Bank of Glen Burnie, a community bank serving Anne Arundel County, Maryland.

Positive

• Declaration of a regular dividend of $0.10 per share shows commitment to returning value to shareholders.
• 119th consecutive dividend indicates a strong track record of consistent payouts.

Negative

• None.

GLEN BURNIE, Md., April 15, 2022 (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 14, 2022. This action marks the company’s 119^th consecutive dividend.

The regular dividend is payable on May 9, 2022, to shareholders of record at the close of business on April 25, 2022.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $437.4 million at March 31, 2022. 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 Glen Burnie Bancorp (GLBZ)?

Glen Burnie Bancorp declared a dividend of $0.10 per share on April 14, 2022.

When will the dividend be paid to shareholders of GLBZ?

The dividend will be paid on May 9, 2022, to shareholders of record on April 25, 2022.

How many consecutive dividends has Glen Burnie Bancorp declared?

Glen Burnie Bancorp has declared its 119th consecutive dividend.

What were the consolidated assets of Glen Burnie Bancorp as of March 31, 2022?

The consolidated assets of Glen Burnie Bancorp totaled $437.4 million as of March 31, 2022.