QNB Corp. Declares Q2 2024 Dividend

Rhea-AI Summary

On May 21, 2024, QNB Corp. (OTC: QNBC), the parent company of QNB Bank, announced a quarterly cash dividend of $0.37 per share. The Board of Directors declared that the dividend would be payable on June 28, 2024, to shareholders recorded by June 14, 2024. QNB Corp. provides commercial and retail banking services through its twelve branches of QNB Bank. The company's stock is traded over-the-counter under the ticker 'QNBC'.

Positive

• QNB Corp. declared a quarterly cash dividend of $0.37 per share, indicating financial stability and a commitment to returning value to shareholders.
• The dividend payment date is June 28, 2024, offering short-term returns to investors holding shares by the record date.
• QNB Corp. operates twelve banking offices, suggesting a strong regional presence and potential for consistent revenue streams.

Negative

• No information on revenue, earnings, or financial performance was provided in the announcement, leaving investors without a comprehensive view of the company's financial health.
• The dividend declaration does not address potential risks or challenges facing QNB Corp., which may concern some investors.
• The stock is traded over-the-counter, which may pose liquidity issues and visibility compared to stocks listed on major exchanges.

Quakertown, PA, May 21, 2024 (GLOBE NEWSWIRE) -- QUAKERTOWN, PA (21 May 2024): At a regular meeting on May 21, The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, declared a quarterly cash dividend of $0.37 per share. The dividend is payable on June 28, 2024, to shareholders of record on June 14, 2024.

QNB Corp. offers commercial and retail banking services through the twelve banking offices of its subsidiary, QNB Bank. QNB Corp.’s stock is traded in the over-the-counter market under the symbol “QNBC.” For more information, visit QNB’s website at QNBbank.com.

FAQ

What is the dividend declared by QNB Corp. for Q2 2024?

QNB Corp. declared a quarterly cash dividend of $0.37 per share.

When is the dividend payable for QNB Corp. (QNBC)?

The dividend is payable on June 28, 2024.

What is the record date for QNB Corp.'s Q2 2024 dividend?

The record date for the dividend is June 14, 2024.

How many banking offices does QNB Corp. operate?

QNB Corp. operates twelve banking offices through its subsidiary, QNB Bank.

Where is QNB Corp. stock traded?

QNB Corp. stock is traded over-the-counter under the ticker 'QNBC'.