LCNB Corp. Announces First Quarter Dividend

Rhea-AI Summary

LCNB Corp. (Nasdaq: LCNB) declared a cash dividend of $0.21 per common share, marking a 5.0% increase from last year. The record date for this dividend is set for March 1, 2023, with payment scheduled for March 15, 2023. This move highlights the company's commitment to returning value to shareholders amidst its ongoing operations in Southwest and South-Central Ohio through LCNB National Bank, which offers a wide range of banking services.

Positive

• Dividend increased by 5.0% over the prior year, indicating financial confidence.
• Consistent dividend payment reflects commitment to shareholder value.

Negative

• None.

LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.21 per common share, representing a 5.0% increase over the same period last year. The common stock cash dividend will have a record date of March 1, 2023 and is payable to shareholders on March 15, 2023.

About LCNB Corp.

LCNB Corp. is a financial holding company headquartered in Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the “Bank”), it serves customers and communities in Southwest and South-Central Ohio. A financial institution with a long tradition for building strong relationships with customers and communities, the Bank offers convenient banking locations in Butler, Clermont, Clinton, Fayette, Franklin, Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The Bank continually strives to exceed customer expectations and provides an array of services for all personal and business banking needs including checking, savings, online banking, personal lending, business lending, agricultural lending, business support, deposit and treasury, investment services, trust and IRAs and stock purchases. LCNB Corp. common shares are traded on the NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more about LCNB Corp. www.lcnb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005494/en/

Eric J. Meilstrup

President Chief Executive Officer

LCNB National Bank

(513) 932-1414

Shareholderrelations@lcnb.com

Investor and Media Contact:

Andrew M. Berger

Managing Director

SM Berger & Company, Inc.

(216) 464-6400

andrew@smberger.com

Source: LCNB Corp.

FAQ

What is the dividend amount declared by LCNB Corp.?

LCNB Corp. declared a cash dividend of $0.21 per common share.

When is the record date for LCNB's dividend?

The record date for the dividend is March 1, 2023.

When will LCNB Corp.'s dividend be paid?

The dividend will be paid on March 15, 2023.

How much has LCNB Corp.'s dividend increased compared to last year?

The dividend has increased by 5.0% compared to the same period last year.