Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), Parent Company of Calvin B. Taylor Bank, Announces Increase in Quarterly Cash Dividend to $0.30 Per Share

Rhea-AI Summary

Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has declared a quarterly cash dividend of $0.30 per share, representing a 3.45% increase from the previous quarter. This dividend will be paid on April 15, 2022, to stockholders on record as of March 31, 2022. Established in 1890, Calvin B. Taylor Bank provides a variety of banking services across 12 locations in the Delmarva Peninsula, encompassing Worcester County, Maryland, Sussex County, Delaware, and Accomack County, Virginia.

Positive

• Quarterly cash dividend increased by $0.01 to $0.30 per share.
• Dividend payment date set for April 15, 2022, indicating consistent shareholder returns.

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• None.

BERLIN, MD, March 11, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), parent company of Calvin B. Taylor Bank, announced today that the Board of Directors has declared a regular quarterly cash dividend of $0.30 per share, up $0.01, or 3.45%, from the prior quarter.  This dividend is payable on April 15, 2022 to stockholders of record as of March 31, 2022. 

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

FAQ

What is the dividend amount declared by Calvin B. Taylor Bankshares, Inc. (TYCB)?

The declared dividend amount is $0.30 per share.

When is the dividend payable for Calvin B. Taylor Bankshares, Inc. (TYCB)?

The dividend is payable on April 15, 2022.

What was the percentage increase of the dividend for TYCB?

The dividend was increased by 3.45% from the prior quarter.

What is the record date for the dividend payment for TYCB?

The record date for the dividend payment is March 31, 2022.