JD Bancshares, Inc. Declares Cash Dividend

Rhea-AI Summary

JD Bancshares, Inc. (OTCQX: JDVB) has declared a cash dividend of $0.59 per share, payable on October 9, 2020, to shareholders of record as of October 2, 2020. This decision was made during the Board's meeting on September 22, 2020. The company has acknowledged uncertainties stemming from the COVID-19 pandemic and Hurricane Laura, which may affect future dividend declarations. JD Bancshares, operating since 1947, provides various banking services in Louisiana through its subsidiary, JD Bank.

Positive

• Declaring a cash dividend of $0.59 per share indicates strong financial health.
• The dividend payment reflects commitment to shareholder returns.

Negative

• Uncertainty due to the COVID-19 pandemic and Hurricane Laura may impact future earnings.
• Review of future quarterly cash dividend declarations raises concerns about sustainability.

JENNINGS, LA / ACCESSWIRE / September 23, 2020 / JD Bancshares, Inc. (OTCQX:JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc., announced that at its regularly scheduled meeting on September 22, 2020, the Board voted to pay a cash dividend in the amount of $0.59 per share on October 9, 2020 to the shareholders of record on October 2, 2020.

The future impact of the COVID-19 pandemic and Hurricane Laura, has created some uncertainty in what has typically been a very stable quarterly earnings pattern for JDVB. During these uncertain times, it becomes even more important that your Company ensure appropriate levels of capital are maintained. Therefore, we will review the timing and level of future quarterly cash dividend declarations.

About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a state chartered bank headquartered in Jennings, Louisiana. JD Bank has been serving the citizens of southwest Louisiana since 1947 and offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 22 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. JD Bancshares, Inc. may be accessed on its website at www.jdbank.com/investor relations.

JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.

For more information contact:

JD Bancshares, Inc.
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-824-1422)
Website: www.jdbank.com

SOURCE: JD Bancshares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/607431/JD-Bancshares-Inc-Declares-Cash-Dividend

FAQ

What is the dividend amount JD Bancshares declared?

JD Bancshares declared a cash dividend of $0.59 per share.

When will the dividend be paid?

The dividend will be paid on October 9, 2020.

What date is the record for shareholders to receive the dividend?

Shareholders of record on October 2, 2020, will receive the dividend.

How has COVID-19 affected JD Bancshares' financial decisions?

The COVID-19 pandemic has created uncertainty affecting the company's typical earnings and future dividend declarations.