Bryn Mawr Bank (BMTC) Declares $0.25 Quarterly Dividend; 2.2% Yield

Bryn Mawr Bank (NASDAQ: BMTC) declared a quarterly dividend of $0.25 per share, or $1 annualized.

The dividend will be payable on December 1, 2018, to stockholders of record on November 1, 2018, with an ex-dividend date of October 31, 2018.

The annual yield on the dividend is 2.2 percent.

"We continued the momentum of our strong first half into the third quarter, posting record quarterly earnings of $16.7 million," stated Frank Leto, President and Chief Executive Officer.

“We are excited about the continued organic growth of our loan portfolio and assets held under management by our wealth division,” continued Mr. Leto. “We have seen a 10.6% year to date increase in originated loans and are approaching close to $14 billion in assets under management, increasing $509 million from last quarter or over 15% on an annualized basis,” added Mr. Leto, continuing “Such organic growth contributed to our solid results this quarter and leaves us well positioned to close out the fiscal year on a strong note.”

For a dividend history and other dividend-related data on Bryn Mawr Bank (BMTC) click here.

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