Harleysville Financial Corporation Announces the Declaration of Special Cash Dividend

Rhea-AI Summary

Harleysville Financial Corporation (OTCQX: HARL) announced a special cash dividend of $1.16 per share to shareholders, payable on December 14, 2022, with a record date of November 30, 2022. The declaration followed the company's record earnings of $8,790,000 and increased earnings per share, reflecting the strength of its balance sheet. CEO Brendan J. McGill emphasized the nonrecurring dividend underscores the company’s commitment to enhancing shareholder value.

Positive

• Record earnings of $8,790,000.
• Special cash dividend of $1.16 per share signals strong financial health.
• Increased earnings per share enhances shareholder confidence.

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 $1.16 per share on the Company’s common stock. The special cash dividend will be payable on December 14, 2022 to shareholders of record on November 30, 2022.

President and Chief Executive Officer Brendan J. McGill stated, “As a result of the Company’s record earnings of $8,790,000, increased earnings per share and underlying strength of our balance sheet; 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 ongoing commitment to enhance shareholder value and provide a benefit to our shareholders.”

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/20221116005788/en/

M. Shane Michalak

Senior Vice President /CFO

(215-256-8828)

Source: Harleysville Financial Corporation

FAQ

What is the dividend amount declared by HARL?

Harleysville Financial Corporation declared a special cash dividend of $1.16 per share.

When will the HARL dividend be paid?

The special cash dividend will be payable on December 14, 2022.

What is the record date for HARL's special dividend?

The record date for the special cash dividend is November 30, 2022.

What were HARL's earnings for the latest period?

Harleysville Financial Corporation reported record earnings of $8,790,000.