Access National (ANCX) Declares $0.15 Quarterly Dividend; 3.1% Yield
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Access National Q1 Earnings Rise 13%, Declares Dividend
April 15, 2016 7:00 AM EDTRESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported first quarter 2016 net income of $4.1 million, or $0.39 per common share. This represents the Corporations 63rd consecutive quarterly profit over its 65 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 2, 2016 and payable on May 25, 2016. The routine dividend reflects Managements favorable performance outlook and comfort with a favorable capital position.
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