Access National (ANCX) Declares $0.15 Quarterly Dividend; 2.4% Yield

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Go back to Access National (ANCX) Declares $0.15 Quarterly Dividend; 2.4% Yield

Access National Declares Dividend, Reports Third Quarter Earnings

October 17, 2016 4:15 PM EDT

RESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX), parent company for Access National Bank (Bank), reported third quarter 2016 net income of $4.4 million, or $0.42 per common share. This represents the Corporations 65th consecutive quarterly profit over its 67 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 October 31, 2016 and payable on November 25, 2016. The routine dividend affirms Managements favorable outlook on forward earnings and capital adequacy.

Third quarter 2016... More