Glen Burnie Bancorp Declares 2Q 2024 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) announced a regular dividend of $0.10 per share for 2Q 2024, continuing its 128th consecutive dividend. The Board of Directors approved this dividend on July 11, 2024. Shareholders of record by July 22, 2024, will receive the dividend on August 5, 2024. As of June 30, 2024, Glen Burnie Bancorp's consolidated assets total $355.7 million. The Bank of Glen Burnie, founded in 1949, operates eight branches in Anne Arundel County, Maryland.

Positive

• Declared dividend of $0.10 per share for 2Q 2024.
• 128th consecutive dividend reflects company's stable dividend policy.
• Consolidated assets totaling $355.7 million as of June 30, 2024.

Negative

• None.

GLEN BURNIE, Md., July 12, 2024 (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 11, 2024. This action marks the company’s 128th consecutive dividend.

The regular dividend is payable on August 5, 2024, to shareholders of record at the close of business on July 22, 2024.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $355.7 million at June 30, 2024. 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 dividend did Glen Burnie Bancorp (GLBZ) declare for 2Q 2024?

Glen Burnie Bancorp declared a regular dividend of $0.10 per share for 2Q 2024.

When is the dividend payable to GLBZ shareholders?

The dividend is payable on August 5, 2024, to shareholders of record on July 22, 2024.

How many consecutive dividends has Glen Burnie Bancorp (GLBZ) declared?

Glen Burnie Bancorp has declared 128 consecutive dividends.

What are the consolidated assets of Glen Burnie Bancorp as of June 30, 2024?

As of June 30, 2024, Glen Burnie Bancorp's consolidated assets total $355.7 million.