North Dallas Bank & Trust Co. Declares Regular Dividend

Rhea-AI Summary

The Board of Directors of North Dallas Bank & Trust Co. (NODB) has declared a regular dividend of $0.33 per share, payable on April 8, 2022, to shareholders of record as of April 1, 2022. This increase in dividend reflects the bank's intention to reward shareholders with regular dividends moving forward, diverging from its past practice of paying both regular and special dividends. While the current financial condition supports this dividend, future payments are not guaranteed.

Positive

• Regular dividend of $0.33 per share declared, indicating strong performance.
• Increase in dividend reflects commitment to shareholder rewards.

Negative

• Future dividend payments are not guaranteed, raising sustainability concerns.

DALLAS, March 16, 2022 (GLOBE NEWSWIRE) -- On March 15, 2022, the Board of Directors of North Dallas Bank & Trust Co. (OTC: NODB), declared a regular dividend of $0.33 per share, payable to shareholders of record as of April 1, 2022, with said dividend payable on April 8, 2022.

The current dividend represents an increase over regular dividends paid in the prior year and reflects the Bank’s (“NDBT”) preference going forward to reward shareholder’s through payment of regular dividends, as opposed to historic practice of paying both regular and special dividends.

The current dividends are based on NDBT’s current financial condition and are not a guarantee that dividends will continue to be paid in the future. Further information about NDBT’s dividend declaration is available from Glenn Henry, Chief Financial Officer.

ABOUT NDBT
Founded in 1961, NDBT (North Dallas Bank & Trust Co.) is an independent community bank with five banking centers located in Dallas, Addison, Frisco, Las Colinas, and Plano. Headquartered on the corner of Preston Road and LBJ at 12900 Preston Road in Dallas, NDBT is dedicated to helping people make smarter choices in business and life by offering authentic banking solutions, wealth management, and innovative online banking tools. NDBT is Member FDIC and an Equal Housing Lender. For more information, call 972.716.7100, or visit online at www.ndbt.com or on Facebook at www.facebook.com/NDBTMarketing/.

Media Contact:
Brian C. Jensen
972-716-7124
brian.jensen@ndbt.com

FAQ

What is the dividend amount declared by NODB?

NODB declared a dividend of $0.33 per share.

When will the NODB dividend be paid?

The dividend will be paid on April 8, 2022.

What is the record date for the NODB dividend?

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

Will NODB continue to pay dividends in the future?

While the current conditions allow for dividends, future payments are not guaranteed.