Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend

Rhea-AI Summary

Quaint Oak Bancorp, Inc. (OTCQB: QNTO) announced a quarterly cash dividend of $0.11 per share on its common stock, set for payment on November 8, 2021. Shareholders of record as of October 25, 2021 will receive the dividend. Quaint Oak Bancorp is the parent company of Quaint Oak Bank, which provides banking services across three regional offices in Pennsylvania. The company also includes various subsidiaries, including those in real estate and insurance.

Positive

• Quarterly cash dividend of $0.11 per share.
• Dividend reflects confidence in financial health.
• Established presence with multiple subsidiary companies.

Negative

• None.

SOUTHAMPTON, Pa., Oct. 14, 2021 (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 October 13, 2021, declared a quarterly cash dividend of $0.11 per share on the common stock of the Company payable on November 8, 2021, to the shareholders of record at the close of business on October 25, 2021.

Quaint Oak Bancorp, Inc. 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. These subsidiary companies conduct business from numerous locations within the Bank’s market area. Additionally, the Bank holds 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?

The dividend amount declared by Quaint Oak Bancorp is $0.11 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on November 8, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is October 25, 2021.

What is the stock symbol for Quaint Oak Bancorp?

The stock symbol for Quaint Oak Bancorp is QNTO.

What businesses does Quaint Oak Bancorp operate?

Quaint Oak Bancorp operates Quaint Oak Bank and several subsidiary companies in insurance, mortgage, and real estate.