Ameriserv Financial (ASRV) Raises Quarterly Dividend 50% to $0.015; 1.9% Yield
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AmeriServ Financial, Inc. Increases Quarterly Common Stock Cash Dividend
July 25, 2016 8:00 AM EDTJOHNSTOWN, Pa., July 25, 2016 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. This new quarterly dividend amount represents a 50% increase from the previous $0.01 per share quarterly dividend. The cash dividend is payable August 22, 2016 to shareholders of record on August 8, 2016. This increased cash dividend represents a 1.9% annualized yield using the July 21, 2016 closing common stock price of $3.13 and represents an approximate payout ratio of 21% based upon the Company's recently reported second quarter 2016 earnings per share of $0.07.Â
Jeffrey A. Stopko, President &... More
