Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Quaint Oak Bancorp, Inc. (OTCQB: QNTO) announced a quarterly cash dividend of $0.13 per share on April 12, 2023. This dividend will be payable on May 8, 2023 to shareholders on record by April 24, 2023. Quaint Oak Bancorp is the parent company of Quaint Oak Bank, operating in Pennsylvania with a focus on financial services. Quaint Oak Bank includes various subsidiaries such as Quaint Oak Abstract, LLC and Quaint Oak Insurance Agency, LLC, and serves regional markets in the Delaware Valley, Lehigh Valley, and Philadelphia. The company also has a significant equity position in Oakmont Capital Holdings, LLC, indicating a diverse service offering in banking and financing.

Positive

• Declaration of a quarterly cash dividend of $0.13 per share indicates confidence in financial stability.
• Upcoming dividend payment date of May 8, 2023, provides a potential income source for shareholders.

Negative

• None.

SOUTHAMPTON, Pa., April 13, 2023 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQB: QNTO) (the "Company"), the holding company for Quaint Oak Bank, announced today that its Board of Directors at their meeting on April 12, 2023, declared a quarterly cash dividend of $0.13 per share on the common stock of the Company payable on May 8, 2023, to the shareholders of record at the close of business on April 24, 2023.

Quaint Oak Bancorp, Inc., a Financial Services Company, is the parent company for the Quaint Oak Family of Companies. Quaint Oak Bank, a Pennsylvania-chartered stock savings bank and wholly-owned subsidiary of the Company, is headquartered in Southampton, Pennsylvania and conducts business through three regional offices located in the Delaware Valley, Lehigh Valley and Philadelphia markets. Quaint Oak Bank’s subsidiary companies include, Quaint Oak Abstract, LLC, Quaint Oak Insurance Agency, LLC, Quaint Oak Mortgage, LLC, Quaint Oak Real Estate, LLC, and Oakmont Commercial, LLC, a specialty commercial real estate financing company. All companies are multi-state operations with the exception of Quaint Oak Real Estate, LLC, which operates solely in Pennsylvania. Quaint Oak Bank also has a majority equity position in Oakmont Capital Holdings, LLC, a multi-state equipment finance company based in West Chester, Pennsylvania with a second significant facility located in Albany, Minnesota.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words like “believe,” “expect,” “anticipate,” “estimate” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could” or “may.” We undertake no obligation to update any forward-looking statements.

Contact:
Quaint Oak Bancorp, Inc.
Robert T. Strong, President and Chief Executive Officer
(215) 364-4059

FAQ

What is the dividend amount declared by Quaint Oak Bancorp for Q1 2023?

Quaint Oak Bancorp declared a dividend of $0.13 per share for Q1 2023.

When will the dividend be paid to shareholders?

The dividend will be paid on May 8, 2023.

What is the record date for the dividend payment?

The record date for the dividend payment is April 24, 2023.

What services does Quaint Oak Bancorp offer?

Quaint Oak Bancorp offers various financial services through its subsidiary companies, including banking, insurance, and mortgage services.