Access National (ANCX) Raises Quarterly Dividend 7.1% to $0.15; 3.2% Yield
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Access National Increases Dividend, Reports First Quarter Earnings
April 17, 2015 7:30 AM EDTRESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported first quarter 2015 net income of $3.6 million, or $0.34 per share. This represents the Corporations 59th consecutive quarterly profit over its 61 quarter history. Consistent with managements stated objective of a 40%-50% payout ratio against core earnings, the Board of Directors declared a cash dividend of $0.15 per share for holders of record as of May 4, 2015 and payable on May 22, 2015. The increase in the routine dividend reflects Managements favorable performance outlook and comfort with a favorable capital position.
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