Glen Burnie Bancorp Declares 4Q 2021 Dividend

Rhea-AI Summary

Glen Burnie Bancorp (NASDAQ: GLBZ) declared a regular dividend of $0.10 per share during its Board meeting on January 13, 2022, marking its 118th consecutive dividend. The dividend is set to be paid on February 7, 2022, to shareholders recorded by January 24, 2022. As of December 31, 2021, the company reported consolidated assets of $442.0 million. Founded in 1949, Glen Burnie Bancorp operates The Bank of Glen Burnie, a community bank serving Anne Arundel County, MD.

Positive

• 118th consecutive dividend declaration indicating strong financial health.
• Dividend payment of $0.10 per share supporting shareholder income.

Negative

• None.

GLEN BURNIE, Md., Jan. 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 January 13, 2022. This action marks the company’s 118^th consecutive dividend.

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

Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling $442.0 million at December 31, 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)?

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

When is the dividend payment date for GLBZ?

The dividend is payable on February 7, 2022.

What is the record date for the GLBZ dividend?

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

How many consecutive dividends has Glen Burnie Bancorp declared?

Glen Burnie Bancorp has declared 118 consecutive dividends.