Sussex Bancorp (SBBX) Declares $0.075 Quarterly Dividend; 1.4% Yield

Sussex Bancorp (NASDAQ: SBBX) declared a quarterly dividend of $0.075 per share, or $0.3 annualized.

The dividend will be payable on March 6, 2019, to stockholders of record on February 20, 2019, with an ex-dividend date of February 19, 2019.

The annual yield on the dividend is 1.4 percent.

“2018 was a very successful year for our Company as we nearly doubled our core earnings and total assets. We accomplished this by growing our business lines organically by double digits and completing two mergers,” said Anthony Labozzetta, President and Chief Executive Officer of SB One Bancorp and SB One Bank. Mr. Labozzetta went on to say, “These are very exciting times for our shareholders, customers, and employees and although there may be headwinds ahead of us resulting from the flattening of the yield curve, we continue to be very optimistic that there will be as many opportunities for us to continue our disciplined growth and strong performance over the short and long run. We continue to maintain strong pipelines for loans and deposits, which will help us build our earnings into the foreseeable future.”

For a dividend history and other dividend-related data on Sussex Bancorp (SBBX) click here.

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