Access National (ANCX) Declares $0.15 Quarterly Dividend; 2.2% Yield
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Access National Declares Dividend, Reports Fourth Quarter Earnings
January 20, 2017 7:00 AM ESTRESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX) (the Corporation or Access), parent company for Access National Bank (Bank), reported fourth quarter 2016 net income of $3.0 million, or $0.28 per common share. This represents the Corporations 66th consecutive quarterly profit over its 68 quarter history. Consistent with managements stated objective of a 40%-50% dividend payout ratio against core earnings, the Board of Directors declared a cash dividend of $0.15 per share for common shareholders of record as of February 3, 2017 and payable on February 24, 2017. This quarterly dividend continues to affirm managements favorable outlook on forward earnings... More
