Georgetown Bancorp (GTWN) Raises Quarterly Dividend 5.3% to $0.05; 1% Yield
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Georgetown Bancorp, Inc. Reports Earnings and Announces Increase in Quarterly Cash Dividend
April 26, 2016 12:30 PM EDTGEORGETOWN, 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 March 31, 2016 of $80,000, or $0.05 per basic and diluted share, compared to net income of $250,000, or $0.14 per basic and diluted share, for the three months ended March 31, 2015.
Robert E. Balletto, President and Chief Executive Officer, said, As discussed in our previous earnings press release, we experienced a significant increase in our operating costs, which increased 17% for the quarter ended March 31, 2016, as compared to the quarter ended March 31, 2015, as... More
