Georgetown Bancorp (GTWN) Declares $0.05 Quarterly Dividend; 0.8% Yield
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Georgetown Bancorp, Inc. Reports Earnings and Announces Quarterly Cash Dividend
April 25, 2017 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, 2017 of $278,000, or $0.16 per basic share and $0.15 per diluted share, compared to net income of $80,000, or $0.05 per basic and diluted share, for the three months ended March 31, 2016.
Robert E. Balletto, President and Chief Executive Officer, said, The improvement in our earnings for the three months ended March 31, 2017 compared to the three months ended March 31, 2016 was primarily due to the expansion of our net interest and dividend income,... More
