Glen Burnie Bancorp Declares 3Q 2020 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) has declared a regular dividend of $0.10 per share, marking its 113th consecutive dividend. This decision was made during the Board's meeting on October 8, 2020. The dividend is set to be paid on November 2, 2020, to shareholders on record by October 19, 2020. As of September 30, 2020, the company reported consolidated assets of $430.9 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, which serves Anne Arundel County, MD.

Positive

• Regular dividend of $0.10 per share indicates ongoing profitability.
• 113th consecutive dividend shows consistent financial performance.
• Consolidated assets of $430.9 million reflect financial stability.

Negative

• None.

GLEN BURNIE, Md., Oct. 09, 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 October 8, 2020. This action marks the company’s 113^th consecutive dividend.

The regular dividend is payable on November 2, 2020 to shareholders of record at the close of business on October 19, 2020.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $430.9 million at September 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.

FAQ

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

The dividend amount declared by Glen Burnie Bancorp is $0.10 per share.

When will the dividend be paid to shareholders of GLBZ?

The dividend will be paid on November 2, 2020.

What is the record date for the dividend payment of GLBZ?

The record date for the dividend payment is October 19, 2020.

How many consecutive dividends has GLBZ declared?

Glen Burnie Bancorp has declared 113 consecutive dividends.

What were the consolidated assets of GLBZ as of September 30, 2020?

The consolidated assets of Glen Burnie Bancorp totaled $430.9 million as of September 30, 2020.