Two River Bancorp (TRCB) Raises Quarterly Dividend 50% to $0.03; 1.5% Yield

Two River Bancorp (NASDAQ: TRCB) declared a quarterly dividend of $0.03 per share, or $0.12 annualized. This is a 50% increase from the prior dividend of $0.02.

The dividend will be payable on May 20, 2014, to stockholders of record on May 9, 2014, with an ex-dividend date of May 7, 2014.

The annual yield on the dividend is 1.5 percent.

"We are increasing our dividend as part of our comprehensive strategy to deliver continued value to our shareholders," said William D. Moss, President and Chief Executive Officer. "The combined cash dividend and share repurchase program demonstrate the confidence we have in our strategy of growing both the Company and its earnings. To date, we have repurchased 110,000 shares at a weighted average price of $7.68 under our 2014 Share Repurchase Program announced back on January 24, 2014." The Company advised that future quarterly dividends are payable if, as and when declared by its Board of Directors.

For a dividend history and other dividend-related data on Two River Bancorp (TRCB) click here.

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