1st Constitution Bancorp (FCCY) Raises Quarterly Dividend 25% to $0.075; 0.4% Yield

1st Constitution Bancorp (NASDAQ: FCCY) declared a quarterly dividend of $0.075 per share. This is a 25% increase from the prior dividend of $0.06.

The dividend will be payable on November 22, 2018, to stockholders of record on November 9, 2018, with an ex-dividend date of November 23, 2018.

The annual yield on the dividend is 0.4 percent.

Robert F. Mangano, President and Chief Executive Officer, stated, “Our strong third quarter results reflected our sound operating fundamentals that were driven by the growth of our loan portfolio. The financial benefit of the higher short-term interest rate environment and our asset sensitive interest rate position is continuing to have a positive effect on net interest income and our net interest margin.” Mr. Mangano added, “The acquisition of New Jersey Community Bank, the conversion of its core operating system and achievement of our anticipated operating synergies through the integration of its operations during the second quarter and our continued focus on operating expense containment also contributed to our performance in the third quarter.”

For a dividend history and other dividend-related data on 1st Constitution Bancorp (FCCY) click here.

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