Jefferson Security Bank Announces Semi-Annual Dividend

Rhea-AI Summary

Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.05 per share, approved by the Board of Directors on August 18, 2021. This dividend, payable on September 10, 2021, to shareholders of record on September 1, 2021, raises the annual dividend to $2.05, marking a 7.9% increase from $1.90 in 2020. CEO Cindy Kitner highlighted the bank's solid earnings performance as key to providing consistent returns to shareholders while focusing on capital strength.

Positive

• Dividend increase from $1.90 per share in 2020 to $2.05 per share in 2021.
• Semi-annual dividend of $1.05 per share reflects solid earnings performance.

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• None.

President and CEO of Jefferson Security Bank (OTC Pink: JFWV), Cindy Kitner, announced the Board of Directors approval of a semi-annual dividend at their August 18, 2021 meeting in the amount of $1.05 per share, payable on September 10, 2021 to shareholders of record on September 1, 2021. This results in an annual dividend of $2.05 per share in 2021, representing an increase of $0.15 per share or 7.9% from $1.90 per share in 2020.

“We are pleased to continue to provide an increased dividend to our shareholders resulting from solid earnings performance through the first half of 2021,” said President and Chief Executive Officer Cindy Kitner. “This dividend represents our commitment to providing consistent and favorable long term returns to our shareholders, while remaining focused on strengthening our capital position.”

Jefferson Security Bank, founded in 1869, is a community bank engaged in the general banking business in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. The Bank offers community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers.

This press release may contain forward-looking statements, as defined by federal securities laws, which may involve significant risks and uncertainties. The statements are based on estimates and assumptions made by management in conjunction with other factors deemed appropriate under the circumstances. Actual results could differ materially from current projections.

Offices:

105 East Washington Street, Shepherdstown, WV (304-876-9000)
7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800)
873 East Washington Street, Suite 100, Charles Town, WV (304-725-9752)
277 Mineral Drive, Suite 1, Inwood, WV (304-229-6000)
1861 Edwin Miller Boulevard, Martinsburg, WV (304-264-0900)
103 West Main Street, Sharpsburg, MD (301-432-3900)

View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005600/en/

FAQ

What is the dividend amount for JFWV in 2021?

The dividend amount for Jefferson Security Bank (JFWV) in 2021 is $2.05 per share, with a semi-annual dividend of $1.05.

When is the dividend payment date for JFWV?

The dividend payment date for JFWV is September 10, 2021.

Who receives the dividend for JFWV?

Shareholders of Jefferson Security Bank (JFWV) as of September 1, 2021, will receive the dividend.

Was there a change in the dividend from the previous year for JFWV?

Yes, the annual dividend increased by $0.15 or 7.9% from $1.90 per share in 2020.