Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.35 per Share
- Increase in quarterly cash dividend to $0.35 per share for the first quarter of 2024.
- Dividend payable on May 2, 2024, to stockholders of record as of April 22, 2024.
- President and CEO emphasized strong earnings performance and stable financial metrics.
- Board's commitment to providing consistent and sustainable return on investment.
- Persistent U.S. inflation may delay interest rate decreases until late summer or early fall 2024.
- None.
BERLIN, MD / ACCESSWIRE / April 19, 2024 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced the Board of Directors has declared a regular quarterly cash dividend of
Raymond M. Thompson, President and Chief Executive Officer commented, "The Company experienced strong earnings performance during the 1st quarter of 2024. Persistent U.S. inflation suggests that the Federal Open Market Committee will delay previously forecasted interest rate decreases until late summer or early fall 2024. The Company's liquidity, asset quality and capital metrics remain healthy and stable. The dividend increase this quarter reflects the Board's ongoing commitment to stockholders by providing a consistent and sustainable return on investment."
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About Calvin B. Taylor Bank
Calvin B. Taylor Bank, the bank subsidiary of Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), founded in 1890, offers a wide range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. Calvin B. Taylor Bank has 11 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.
Contact
M. Dean Lewis, Executive Vice President and Chief Financial Officer
410-641-1700, taylorbank.com
SOURCE: Calvin B. Taylor Bankshares, Inc.
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