Glen Burnie Bancorp Declares 3Q 2023 Dividend

Rhea-AI Summary

Glen Burnie Bancorp declares regular dividend of $0.10 per share

Positive

• Glen Burnie Bancorp declares 125th consecutive dividend

Negative

• None.

GLEN BURNIE, Md., Oct. 13, 2023 (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 12, 2023. This action marks the company’s 125th consecutive dividend.

The regular dividend is payable on November 6, 2023, to shareholders of record at the close of business on October 23, 2023.

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $355.4 million at September 30, 2023. 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 declared by Glen Burnie Bancorp?

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

When will the dividend be paid?

The dividend is payable on November 6, 2023.

What is the record date for the dividend?

The record date for the dividend is October 23, 2023.

What are the consolidated assets of Glen Burnie Bancorp?

Glen Burnie Bancorp currently maintains consolidated assets totaling $355.4 million.

How many branch offices does The Bank of Glen Burnie have?

The Bank of Glen Burnie has eight branch offices serving Anne Arundel County, MD.