Acnb Corp (ACNB) Raises Quarterly Dividend 15% to $0.23; 3.2% Yield

Acnb Corp (NASDAQ: ACNB) declared a quarterly dividend of $0.23 per share, or $0.92 annualized. This is a 15% increase from the prior dividend of $0.20.

The dividend will be payable on June 15, 2018, to stockholders of record on June 1, 2018, with an ex-dividend date of May 31, 2018.

The annual yield on the dividend is 3.2 percent.

“ACNB Corporation has a long history of rewarding its shareholders with a solid quarterly cash dividend even through the economic recession,” said James P. Helt, ACNB Corporation President & Chief Executive Officer. “For the second quarter of 2018, the Board of Directors is pleased to announce a 15% increase in the dividend amount from $0.20 to $0.23 per share. This is a significant commitment to ACNB Corporation shareholders and the direct result of the success of the Corporation’s acquisition and integration of New Windsor Bancorp, Inc. and its banking subsidiary, New Windsor State Bank, in July 2017, as well as the Tax Cuts and Jobs Act signed into law in December 2017.”

“The good news is that the acquisition and tax reform have produced both current and future benefits for ACNB Corporation and its shareholders. In addition, our banking and insurance operations continue to be fundamentally strong. The Corporation’s executive management is also looking to continue its efforts to invest in employees and organizational infrastructure---all in support of the Corporation’s vision to be the independent financial services provider of choice in the core markets served by building relationships and finding solutions,” Mr. Helt added.

For a dividend history and other dividend-related data on Acnb Corp (ACNB) click here.

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