Glen Burnie Bancorp Declares 2Q 2021 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share during its Board meeting on July 8, 2021, marking the 116th consecutive dividend. This dividend is set to be paid on July 30, 2021, to shareholders of record as of July 19, 2021. As of June 30, 2021, Glen Burnie Bancorp reported consolidated assets totaling $432.8 million, showcasing its position as a community bank in Anne Arundel County, MD, with eight branch offices.

Positive

• Declaration of a regular dividend of $0.10 per share demonstrates company confidence and commitment to returning value to shareholders.
• The 116th consecutive dividend indicates consistent financial health and stability.

Negative

• None.

GLEN BURNIE, Md., July 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 July 8, 2021. This action marks the company’s 116^th consecutive dividend.

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

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $432.8 million at June 30, 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 Glen Burnie Bancorp (GLBZ) in July 2021?

Glen Burnie Bancorp declared a dividend of $0.10 per share on July 8, 2021.

When is the dividend for GLBZ payable?

The dividend is payable on July 30, 2021.

What date do shareholders need to own GLBZ stock to receive the dividend?

Shareholders must be on record by July 19, 2021, to receive the dividend.

How many consecutive dividends has GLBZ paid?

Glen Burnie Bancorp has paid 116 consecutive dividends.

What are the total consolidated assets of Glen Burnie Bancorp as of June 30, 2021?

As of June 30, 2021, Glen Burnie Bancorp reported consolidated assets totaling $432.8 million.