Harleysville Financial Corporation Announces the Declaration of Special Cash Dividend

Rhea-AI Summary

Harleysville Financial Corporation (HARL) Declares Special Cash Dividend of $1.20 per Share, Record Earnings of $12,223,000, and Increased Earnings per Share

Positive

• Record earnings and increased earnings per share demonstrate the company's financial strength and stability.
• The declaration of a special cash dividend reflects the company's commitment to enhancing shareholder value.

Negative

• None.

HARLEYSVILLE, Pa.--(BUSINESS WIRE)-- Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company’s Board of Directors declared a special cash dividend of $1.20 per share on the Company’s common stock. The special cash dividend will be payable on December 13, 2023 to shareholders of record on November 29, 2023.

President and Chief Executive Officer Brendan J. McGill stated, “With the Company’s record earnings of $12,223,000, increased earnings per share and underlying strength of our balance sheet this past year; the Board is pleased to be able to declare this special cash dividend on the common stock. The nonrecurring special dividend is indicative of the Company’s continued commitment to enhance shareholder value.”

Harleysville Financial Corporation is traded on the OTCQX market under the symbol HARL (http://www.otcmarkets.com) and is the holding company for Harleysville Bank. Established in 1915, Harleysville Bank is a Pennsylvania chartered and federally insured bank, headquartered in Harleysville, PA. The Bank operates from six full-service offices located in Montgomery County and one full-service office located in Bucks County, Pennsylvania.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231115164369/en/

M. Shane Michalak

Senior Vice President/CFO

(215-256-8828)

Source: Harleysville Financial Corporation

FAQ

What is the special cash dividend declared by Harleysville Financial Corporation?

The company declared a special cash dividend of $1.20 per share on its common stock.

When will the special cash dividend be payable?

The special cash dividend will be payable on December 13, 2023, to shareholders of record on November 29, 2023.

What are the key financial highlights mentioned in the press release?

The press release highlights the company's record earnings of $12,223,000 and increased earnings per share.

Where is Harleysville Financial Corporation traded and what is its ticker symbol?

The company is traded on the OTCQX market under the symbol HARL.