Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

Rhea-AI Summary

Wayne Savings Bancshares, Inc. (OTCQX:WAYN) has declared a quarterly cash dividend of $0.21 per share for the quarter ending December 31, 2021. This dividend will be paid on January 19, 2022 to stockholders of record as of January 5, 2022. As of September 30, 2021, Wayne Savings Bancshares reported total assets of $627.6 million, deposits of $530.1 million, and stockholders’ equity of $53.0 million, representing 8.4% of total assets. Established in 1899, the bank operates twelve full-service locations across Ohio.

Positive

• Declared a quarterly cash dividend of $0.21 per share.
• Total assets reported at $627.6 million.

Negative

• Subject to risks like changes in interest rates and competitive factors affecting income.

WOOSTER, Ohio, Dec. 17, 2021 (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 $0.21 per share of the Company’s common stock for the quarter ending December 31, 2021. The quarterly cash dividend will be paid on January 19, 2022 to stockholders of record as of January 5, 2022.

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, 2021, Wayne Savings Bancshares, Inc. reported total assets of $627.6 million, deposits of $530.1 million, and stockholders’ equity of $53.0 million, or 8.4% 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 WAYN for December 2021?

Wayne Savings Bancshares declared a dividend of $0.21 per share for the quarter ending December 31, 2021.

When will the dividend for WAYN be paid?

The dividend will be paid on January 19, 2022.

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

The record date for the dividend payment is January 5, 2022.

What are the total assets of Wayne Savings Bancshares as of September 30, 2021?

Wayne Savings Bancshares reported total assets of $627.6 million as of September 30, 2021.

What percentage of total assets is Wayne Savings Bancshares' stockholders' equity?

The stockholders’ equity represents 8.4% of total assets.