OLD LINE Bancshares, Inc. (OLBK) Raises Quarterly Dividend 33.3% to $0.04; 2% Yield

OLD LINE Bancshares, Inc. (NASDAQ: OLBK) declared a quarterly dividend of $0.04 per share, or $0.16 annualized. This is a 33.3% increase from the prior dividend of $0.03.

The dividend will be payable on December 19, 2011, to stockholders of record on December 5, 2011, with an ex-dividend date of December 1, 2011.

The annual yield on the dividend is 2 percent.

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