Surrey Bancorp Announces Third 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, payable on October 7, 2022, to shareholders of record by September 16, 2022. CEO Ted Ashby stated this decision reflects the Company’s strong financial condition and commitment to shareholder value. Surrey Bancorp, the holding company for Surrey Bank & Trust, operates several full-service and limited-service branches in North Carolina and Virginia, providing a solid banking foundation for its clients.

Positive

• Declaration of a quarterly cash dividend of $0.105 per share.
• Dividend payment reflects strong financial condition and commitment to shareholder value.

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• None.

MOUNT AIRY, N.C., Aug. 17, 2022 (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 October 7, 2022, to shareholders of record as of the close of business on September 16, 2022. Ted Ashby, 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 amount for Surrey Bancorp (SRYB)?

Surrey Bancorp has declared a quarterly cash dividend of 10.5 cents ($0.105) per share.

When is the dividend payment date for SRYB?

The dividend is payable on October 7, 2022.

What is the record date for the SRYB dividend?

The record date for the dividend is September 16, 2022.

How often does Surrey Bancorp pay dividends?

Surrey Bancorp typically pays dividends quarterly.

What factors influenced the dividend declaration by Surrey Bancorp?

The dividend declaration was based on the Company's strong financial condition and commitment to delivering shareholder value.