Glen Burnie Bancorp Declares 1Q 2023 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share on April 13, 2023, marking its 123rd consecutive dividend. The dividend is set to be paid on May 8, 2023, to shareholders on record by the close of business on April 24, 2023. As of March 31, 2023, the company reported consolidated assets totaling $363.4 million.

The Bank of Glen Burnie, a community bank established in 1949, operates eight branches in Anne Arundel County, MD. This consistent dividend payout highlights the company’s commitment to returning value to shareholders amidst its stable asset management.

Positive

• Regular dividend of $0.10 per share reflects sustained profitability.
• 123rd consecutive dividend payout indicates strong financial health.
• Consolidated assets of $363.4 million suggest solid asset stability.

Negative

• None.

GLEN BURNIE, Md., April 14, 2023 (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 13, 2023. This action marks the company’s 123rd consecutive dividend.

The regular dividend is payable on May 8, 2023, to shareholders of record at the close of business on April 24, 2023.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $363.4 million at March 31, 2023. 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 in April 2023?

Glen Burnie Bancorp declared a dividend of $0.10 per share on April 13, 2023.

When will the dividend for GLBZ be paid?

The dividend will be paid on May 8, 2023.

What is the record date for the dividend payment of Glen Burnie Bancorp?

The record date for the dividend payment is April 24, 2023.

How many consecutive dividends has Glen Burnie Bancorp paid?

Glen Burnie Bancorp has paid 123 consecutive dividends.

What are the total assets of Glen Burnie Bancorp as of March 31, 2023?

As of March 31, 2023, Glen Burnie Bancorp reported consolidated assets of $363.4 million.