North Dallas Bank & Trust Co. Declares Regular Dividend

Rhea-AI Summary

North Dallas Bank & Trust Co. (NODB) declared a regular dividend of $0.33 per share on June 21, 2022, marking an increase from previous years. Shareholders of record as of July 1, 2022, will receive this dividend on July 8, 2022. The bank is shifting towards a strategy of regular dividends, moving away from its prior practice of paying both regular and special dividends. While this reflects NDBT’s current financial strength, the bank cautions that future dividends are not guaranteed.

Positive

• Regular dividend of $0.33 per share represents an increase compared to the previous year.
• Shift towards regular dividends indicates a commitment to rewarding shareholders.

Negative

• Future dividend payments are not guaranteed, raising uncertainty for investors.

DALLAS, June 23, 2022 (GLOBE NEWSWIRE) -- On June 21, 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 July 1, 2022, with said dividend payable on July 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 North Dallas Bank & Trust Co. (NODB)?

The declared dividend amount is $0.33 per share.

When is the dividend payment date for NODB?

The dividend is payable on July 8, 2022.

What is the record date for the NODB dividend?

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

Is the dividend declared by NODB sustainable?

The bank indicated that future dividends are not guaranteed, so sustainability is uncertain.