Access National Corp. (ANCX) Raises Quarterly Dividend 6.3% to $0.17; 2.8% Yield
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Access National Grows Deposits and Loans, Hikes Dividend
October 25, 2018 6:21 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 third quarter 2018 net income of $9.6 million, or $0.46 per diluted share. This represents the Corporations 73rd consecutive quarterly profit over its 75 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 $0.17 per share for common shareholders of record as of November 08, 2018 and payable on November 23, 2018. This dividend reflects a $0.01 increase from the prior quarter.
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