Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has announced a cash dividend of $0.23 per share, payable on January 24, 2023, to shareholders on record as of January 11, 2023. This dividend pertains to the quarter ending December 31, 2022. As of September 30, 2022, the company reported total assets of $687.3 million, deposits of $592.7 million, and stockholders’ equity of $41.5 million, representing 6.0% of total assets. Established in 1899, Wayne Savings Community Bank operates twelve locations in Ohio.

Positive

• Declared a cash dividend of $0.23 per share, enhancing shareholder income.
• Strong asset base with total assets reported at $687.3 million.
• Established institution with a long history since 1899.

Negative

• None.

WOOSTER, Ohio, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Wayne Savings Bancshares, Inc. (OTCQX:WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank (the “Bank”), has declared a cash dividend of $0.23 per share of the Company’s common stock for the quarter ending December 31, 2022. The quarterly cash dividend will be paid on January 24, 2023, to stockholders of record as of January 11, 2023.

Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has twelve full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, Creston, Fredericksburg and Washingtonville, Ohio. At September 30, 2022, Wayne Savings Bancshares, Inc. reported total assets of $687.3 million, deposits of $592.7 million, and stockholders’ equity of $41.5 million, or 6.0% of total assets.

Statements contained in this news release which are not historical facts may be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors. Factors which could result in material variations include, but are not limited to, changes in interest rates which could affect net interest margins and net interest income, competitive factors which could affect net interest income and noninterest income, changes in demand for loans, deposits and other financial services in the Company's market area; changes in asset quality, general economic conditions as well as other factors discussed in documents filed by the Company from time to time. The Company undertakes no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.

Contact:

Wayne Savings Bancshares, Inc.
James R. VanSickle, II
President and Chief Executive Officer
330-264-5767

        

FAQ

What is the dividend amount declared by Wayne Savings Bancshares?

Wayne Savings Bancshares has declared a dividend of $0.23 per share.

When will the dividend be paid to shareholders of WAYN?

The dividend will be paid on January 24, 2023.

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

The record date for the dividend payment is January 11, 2023.

How are the total assets of Wayne Savings Bancshares performing?

As of September 30, 2022, the company reported total assets of $687.3 million.