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

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

January 26, 2016 4:30 PM EST

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 December 31, 2015 of $480,000, or $0.27 per basic and diluted share, compared to net income of $440,000, or $0.25 per basic and diluted share, for the three months ended December 31, 2014. Net income for the year ended December 31, 2015 was $1,518,000, or $0.87 per basic share and $0.86 per diluted share, compared to net income of $1,479,000, or $0.85 per basic and diluted share, for the year ended December 31, 2014.

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