Calvin B. Taylor Bankshares, Inc. Announces Quarterly Cash Dividend of $0.33 Per Share

Rhea-AI Summary

Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB) has declared a quarterly cash dividend of $0.33 per share, payable on January 16, 2023, to stockholders of record as of December 30, 2022. The Board of Directors emphasized their commitment to delivering a consistent return on investment amidst financial market volatility, highlighting that the bank's asset mix has facilitated strong performance in the face of rising interest rates by the Federal Reserve. Established in 1890, Calvin B. Taylor Bank operates 12 locations on the eastern Delmarva Peninsula.

Positive

• Quarterly cash dividend of $0.33 per share enhances shareholder income.
• Demonstrates Board's commitment to consistent returns amid market volatility.
• Strong financial performance attributed to effective asset mix.

Negative

• None.

BERLIN, MD / ACCESSWIRE / December 20, 2022 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced today that the Board of Directors declared a regular quarterly cash dividend of $0.33 per share. This dividend is payable on January 16, 2023, to stockholders of record as of the close of business on December 30, 2022. Raymond M. Thompson, President and Chief Executive Officer remarked, "The company's earning asset mix provided for strong financial performance as the Federal Reserve Open Market Committee aggressively raised interest rates during the year. Given financial market volatility over the past 12 months, the dividend this quarter illustrates the Board of Director's commitment to provide our stockholders with a stable and consistent 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 12 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, Senior Vice President and Chief Financial Officer
410-641-1700, taylorbank.com

SOURCE: Calvin B. Taylor Bankshares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/732573/Calvin-B-Taylor-Bankshares-Inc-Announces-Quarterly-Cash-Dividend-of-033-Per-Share

FAQ

What is the dividend amount for Calvin B. Taylor Bankshares (TYCB)?

The dividend amount is $0.33 per share.

When is the dividend payment date for TYCB?

The dividend is payable on January 16, 2023.

What is the record date for the TYCB dividend?

The record date is December 30, 2022.

How does the recent dividend affect shareholders of TYCB?

The dividend provides a stable income for shareholders, reflecting the company's financial performance.