Glen Burnie Bancorp Declares 3Q 2022 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) announced a regular dividend of $0.10 per share, declared on October 13, 2022, marking the 121st consecutive dividend. This dividend is payable on November 7, 2022, to shareholders of record as of October 24, 2022. As of September 30, 2022, the company reported consolidated assets of $415.6 million. Established in 1949, Glen Burnie Bancorp serves the community through its bank and eight branch offices in Anne Arundel County, MD.

Positive

• Regular dividend of $0.10 per share, consistent with past practice.
• 121st consecutive dividend reflects company stability and commitment to shareholders.
• Consolidated assets of $415.6 million showcase financial strength.

Negative

• None.

GLEN BURNIE, Md., Oct. 14, 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 October 13, 2022. This action marks the company’s 121st consecutive dividend.

The regular dividend is payable on November 7, 2022, to shareholders of record at the close of business on October 24, 2022.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $415.6 million at September 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 declared by Glen Burnie Bancorp?

Glen Burnie Bancorp declared a dividend of $0.10 per share.

When is the dividend payable for Glen Burnie Bancorp?

The dividend is payable on November 7, 2022.

What is the record date for Glen Burnie Bancorp's dividend?

The record date for the dividend is October 24, 2022.

How many consecutive dividends has Glen Burnie Bancorp declared?

Glen Burnie Bancorp has declared 121 consecutive dividends.