North Dallas Bank & Trust Co. Declares Regular Dividend

Rhea-AI Summary

On September 20, 2022, North Dallas Bank & Trust Co. (NODB) declared a regular dividend of $0.33 per share, payable on October 11, 2022, to shareholders of record as of October 5, 2022. This dividend marks an increase over the previous year and indicates the bank's commitment to rewarding shareholders consistently. However, the bank cautions that the current financial condition does not guarantee future dividends. Founded in 1961, NODB operates five banking centers in Dallas and surrounding areas, focusing on authentic banking solutions.

Positive

• Declared a regular dividend of $0.33 per share, an increase from previous year.
• Demonstrates commitment to rewarding shareholders through dividends.

Negative

• Current dividends are not guaranteed in the future.

DALLAS, Sept. 21, 2022 (GLOBE NEWSWIRE) -- On September 20, 2022, the Board of Directors of North Dallas Bank & Trust Co. (OTCBB: NODB) declared a regular dividend of $0.33 per share, payable to shareholders of record as of October 5, 2022, with said dividend payable on October 11, 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 shareholders 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, by contacting NDBT.

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.

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

FAQ

What is the NODB dividend amount declared on September 20, 2022?

North Dallas Bank & Trust Co. declared a dividend amount of $0.33 per share.

When is the NODB dividend payable?

The dividend is payable on October 11, 2022.

What is the record date for the NODB dividend?

The record date for the dividend is October 5, 2022.

Has NODB increased its dividend compared to last year?

Yes, the current dividend represents an increase over regular dividends paid in the prior year.

Is the NODB dividend sustainable?

The bank indicates that the current dividend is based on its financial condition and is not a guarantee for future payments.