Glen Burnie Bancorp Declares 3Q 2021 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share on October 14, 2021, marking the 117th consecutive dividend. The dividend is payable on November 8, 2021, to shareholders of record as of October 25, 2021. As of September 30, 2021, the company's consolidated assets total $432.8 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, a community bank with eight branches in Anne Arundel County, MD, serving its local community.

Positive

• 117 consecutive dividends shows financial stability.
• Current assets of $432.8 million indicate solid financial health.

Negative

• None.

GLEN BURNIE, Md., Oct. 15, 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 October 14, 2021. This action marks the company’s 117^th consecutive dividend.

The regular dividend is payable on November 8, 2021 to shareholders of record at the close of business on October 25, 2021.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $432.8 million at September 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)?

The dividend amount declared is $0.10 per share.

When is the dividend payable for GLBZ shareholders?

The dividend is payable on November 8, 2021.

What is the record date for the dividend of Glen Burnie Bancorp (GLBZ)?

The record date is October 25, 2021.

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

Glen Burnie Bancorp has declared 117 consecutive dividends.