Wayne Savings Bancshares, Inc. Declares Quarterly Dividend

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Wayne Savings Bancshares, Inc. (WAYN) declares a cash dividend of $0.23 per share for the quarter ending December 31, 2023. The dividend will be paid on January 24, 2024, to stockholders of record as of January 10, 2024. The company reported total assets of $798.2 million, deposits of $653.9 million, and stockholders’ equity of $47.6 million, or 6.0% of total assets as of September 30, 2023.

WOOSTER, Ohio, Dec. 21, 2023 (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, 2023. The quarterly cash dividend will be paid on January 24, 2024 to stockholders of record as of January 10, 2024.

Established in 1899, Wayne Savings Community Bank, the wholly owned subsidiary of Wayne Savings Bancshares, Inc., has thirteen full-service banking locations in the communities of Wooster, Ashland, Millersburg, Rittman, Lodi, North Canton, Creston, Fredericksburg, Washingtonville, Dalton, and Carrollton Ohio. At September 30, 2023, Wayne Savings Bancshares, Inc. reported total assets of $798.2 million, deposits of $653.9 million, and stockholders’ equity of $47.6 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 cash dividend declared by Wayne Savings Bancshares, Inc. (WAYN)?

Wayne Savings Bancshares, Inc. has declared a cash dividend of $0.23 per share for the quarter ending December 31, 2023.

When will the cash dividend be paid to stockholders?

The quarterly cash dividend will be paid on January 24, 2024, to stockholders of record as of January 10, 2024.

What were the total assets, deposits, and stockholders’ equity of Wayne Savings Bancshares, Inc. as of September 30, 2023?

As of September 30, 2023, the company reported total assets of $798.2 million, deposits of $653.9 million, and stockholders’ equity of $47.6 million, or 6.0% of total assets.