Surrey Bancorp Announces Fourth Quarter Cash Dividend of $0.105 per Common Share

Rhea-AI Summary

The Board of Directors of Surrey Bancorp (SRYB) has declared a quarterly cash dividend of 10.5 cents ($0.105) per share. This dividend is set to be paid on January 10, 2022, to shareholders recorded by the close of business on December 17, 2021. President/CEO Ted Ashby cited the company’s strong financial condition and commitment to shareholder value as reasons for the dividend. Surrey Bancorp operates full-service branches in North Carolina and Virginia, continuing its focus on delivering financial stability and returns to investors.

Positive

• Quarterly cash dividend of 10.5 cents ($0.105) per share enhances shareholder value.
• Strong financial condition supports consistent dividend payments.

Negative

• None.

MOUNT AIRY, N.C., Nov. 19, 2021 (GLOBE NEWSWIRE) --  The Board of Directors of Surrey Bancorp (“the Company”, Pink Sheets: SRYB) has declared a quarterly cash dividend of 10.5 cents ($0.105) per share on the Company’s common stock. The cash dividend is payable on January 10, 2022, to shareholders of record as of the close of business on December 17, 2021. Ted Ashby, President/CEO of Surrey Bancorp, stated the dividend was based on the Company’s current operating results, its strong financial condition and a commitment to delivering shareholder value.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust (the “Bank”) and is located at 145 North Renfro Street, Mount Airy, North Carolina. The Bank operates full service branch offices at 145 North Renfro Street, and 2050 Rockford Street in Mount Airy and a limited service branch at 1280 West Pine Street in Mount Airy. Full-service branch offices are also located at 653 South Key Street in Pilot Mountain, 393 CC Camp Road in Elkin and 1096 Main Street in North Wilkesboro, North Carolina and 940 Woodland Drive in Stuart, Virginia.

Surrey Bank & Trust can be found online at www.surreybank.com. 

For additional information, please contact

Ted Ashby, CEO, or Mark Towe, CFO        
(336) 783-3900

FAQ

What is the dividend payment amount for SRYB?

The dividend payment amount for Surrey Bancorp (SRYB) is 10.5 cents ($0.105) per share.

When will the dividend for SRYB be paid?

The dividend for Surrey Bancorp (SRYB) will be paid on January 10, 2022.

What is the record date for SRYB's dividend payment?

The record date for Surrey Bancorp's dividend payment is December 17, 2021.

How often does SRYB pay dividends?

Surrey Bancorp typically pays dividends quarterly.

Is SRYB's dividend sustainable?

The sustainability of SRYB's dividend is supported by the company’s strong financial condition, as indicated by management.