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, effective February 6, 2023, for shareholders on record by January 23, 2023. The Board of Directors made this decision during their meeting on January 11, 2023. Quaint Oak Bancorp operates Quaint Oak Bank and its subsidiaries, covering financial services including abstract, insurance, mortgage, and commercial real estate financing across multiple states. The company is headquartered in Southampton, Pennsylvania.

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• Quarterly cash dividend of $0.13 per share declared, indicating confidence in financial stability.

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• None.

SOUTHAMPTON, Pa., Jan. 12, 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 January 11, 2023, declared a quarterly cash dividend of $0.13 per share on the common stock of the Company payable on February 6, 2023, to the shareholders of record at the close of business on January 23, 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 (QNTO)?

Quaint Oak Bancorp declared a quarterly cash dividend of $0.13 per share.

When will the dividend be paid to shareholders of Quaint Oak Bancorp (QNTO)?

The dividend will be paid on February 6, 2023.

What is the record date for the dividend of Quaint Oak Bancorp (QNTO)?

The record date for the dividend is January 23, 2023.

How often does Quaint Oak Bancorp (QNTO) pay dividends?

Quaint Oak Bancorp pays dividends quarterly.

Is the dividend from Quaint Oak Bancorp (QNTO) sustainable?

The press release does not provide specific information regarding the sustainability of the dividend.