Access National (ANCX) Raises Quarterly Dividend 6.7% to $0.16; 2.2% Yield
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Access National Announces Record Earnings for Second Quarter 2018 and Dividend Increase
July 26, 2018 4:15 PM EDTRESTON, Va.--(BUSINESS WIRE)-- Access National Corporation (NASDAQ: ANCX) (the Corporation or Access), parent company for Access National Bank (the Bank) and Middleburg Investment Group, reported second quarter 2018 net income of $9.0 million, or $0.43 per diluted share. This represents the Corporations 72nd consecutive quarterly profit over its 74 quarter history. Consistent with managements objective of a 40% dividend payout ratio against level and sustainable earnings, the Board of Directors declared a dividend of $0.16 per share for common shareholders of record as of August 09, 2018 and payable on August 24, 2018. This dividend represents a $0.01 increase from the prior quarter.
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