Glen Burnie Bancorp Declares 2Q 2022 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) announced a regular dividend of $0.10 per share during its Board of Directors meeting on July 14, 2022. This marks the company's 120th consecutive dividend. The dividend is payable on August 8, 2022, to shareholders of record by the close of business on July 25, 2022. As of June 30, 2022, the company reported consolidated assets of $429.4 million.

Positive

• 120th consecutive dividend declared.
• Regular dividend amount set at $0.10 per share.
• Consolidated assets reported at $429.4 million.

Negative

• None.

GLEN BURNIE, Md., July 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 July 14, 2022. This action marks the company’s 120^th consecutive dividend.

The regular dividend is payable on August 8, 2022, to shareholders of record at the close of business on July 25, 2022.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $429.4 million at June 30, 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 for GLBZ?

The dividend amount for Glen Burnie Bancorp (GLBZ) is $0.10 per share.

When is the dividend payment date for GLBZ?

The dividend payment date for GLBZ is August 8, 2022.

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

The record date for GLBZ shareholders to receive the dividend is July 25, 2022.

How many consecutive dividends has GLBZ declared?

Glen Burnie Bancorp (GLBZ) has declared its 120th consecutive dividend.

What are the total assets of Glen Burnie Bancorp?

As of June 30, 2022, Glen Burnie Bancorp reported total consolidated assets of $429.4 million.