LCNB Corp. Announces First Quarter Dividend

Rhea-AI Summary

LCNB Corp. (Nasdaq: LCNB) has declared a cash dividend of $0.20 per common share, marking a 5.3% increase compared to the previous year. The record date for this dividend is March 1, 2022, with payment scheduled for March 15, 2022. This move demonstrates LCNB's commitment to returning value to its shareholders amidst its ongoing financial operations across southwestern and south-central Ohio through LCNB National Bank.

Positive

• Cash dividend increased by 5.3% to $0.20 per share, indicating company growth and confidence.
• Dividends payable on March 15, 2022, providing immediate returns to shareholders.

Negative

• None.

LEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s Board of Directors declared a cash dividend of $0.20 per common share, representing a 5.3% increase over the same period last year. The common stock cash dividend will have a record date of March 1, 2022 and is payable to shareholders on March 15, 2022.

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 the Southwest and South-Central Ohio regions. 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, digital 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. at www.lcnb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220222005863/en/

Company Contact:

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 $0.20 per common share.

When is the record date for LCNB Corp.'s dividend?

The record date for the dividend is March 1, 2022.

When will LCNB Corp. pay the declared dividend?

The dividend will be payable on March 15, 2022.

What does the 5.3% increase in LCNB Corp.'s dividend indicate?

The 5.3% increase indicates the company's growth and confidence in its financial position.