Glen Burnie Bancorp Declares 4Q 2020 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) has declared a regular dividend of $0.10 per share, marking its 114th consecutive dividend. The dividend is payable on February 8, 2021, to shareholders who are on record by the close of business on January 25, 2021. As of December 31, 2020, the company reported consolidated assets of $419.6 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, which has eight branches serving Anne Arundel County, MD.

Positive

• 114th consecutive dividend indicates financial stability.
• Dividend of $0.10 per share demonstrates commitment to shareholder value.
• Company maintains consolidated assets of $419.6 million.

Negative

• None.

GLEN BURNIE, Md., Jan. 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 January 14, 2021. This action marks the company’s 114^th consecutive dividend.

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

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $419.6 million at December 31, 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 GLBZ dividend amount and payment date?

Glen Burnie Bancorp declared a dividend of $0.10 per share, payable on February 8, 2021.

When is the record date for the GLBZ dividend?

The record date for the dividend is January 25, 2021.

How many consecutive dividends has GLBZ declared?

Glen Burnie Bancorp has declared its 114th consecutive dividend.

What are the total assets of Glen Burnie Bancorp?

As of December 31, 2020, Glen Burnie Bancorp has consolidated assets of $419.6 million.