Georgetown Bancorp (GTWN) Declares $0.0475 Quarterly Dividend; 1% Yield

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Georgetown Bancorp, Inc. Reports Earnings and Announces Quarterly Cash Dividend

October 27, 2015 12:30 PM EDT

GEORGETOWN, Mass.--(BUSINESS WIRE)-- Georgetown Bancorp, Inc. (NASDAQ: GTWN) (the Company), holding company for Georgetown Bank (the Bank), reported net income for the three months ended September 30, 2015 of $425,000, or $0.24 per basic and diluted share, compared to net income of $390,000, or $0.22 per basic and diluted share, for the three months ended September 30, 2014. Net income for the nine months ended September 30, 2015 was $1,038,000, or $0.59 per basic and diluted share, compared to net income of $1,039,000, or $0.60 per basic and diluted share, for the nine months ended September 30, 2014.

Robert E. Balletto, President and Chief Executive Officer, said,... More