Glen Burnie Bancorp Declares 2Q 2020 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) announced a regular dividend of $0.10 per share on July 9, 2020, marking the company's 112th consecutive dividend. This dividend is payable on July 31, 2020, to shareholders on record as of July 20, 2020. As of June 30, 2020, Glen Burnie Bancorp reported consolidated assets of $418.2 million, reflecting its stability as a community bank with eight branches in Anne Arundel County, MD.

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• Declared a regular dividend of $0.10 per share, marking the 112th consecutive dividend.
• Demonstrates company stability with consolidated assets of $418.2 million.

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GLEN BURNIE, Md., July 10, 2020 (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 July 9, 2020. This action marks the company’s 112^th consecutive dividend.

The regular dividend is payable on July 31, 2020 to shareholders of record at the close of business on July 20, 2020.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $418.2 million at June 30, 2020. 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.

Contact: Jeffrey D Harris, SVP & Chief Financial Officer
Email:   
Phone:   410-768-8883

FAQ

What is the dividend amount declared by Glen Burnie Bancorp (GLBZ)?

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

When is the dividend payment date for GLBZ?

The dividend payment date for GLBZ is July 31, 2020.

What is the record date for shareholders to receive the GLBZ dividend?

The record date for receiving the dividend is July 20, 2020.

How many consecutive dividends has Glen Burnie Bancorp paid?

Glen Burnie Bancorp has paid 112 consecutive dividends.