Ameriserv Financial (ASRV) Raises Quarterly Dividend 25% to $0.025; 2.5% Yield
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AmeriServ Financial, Inc. Announces Increased Quarterly Common Stock Cash Dividend
April 22, 2019 8:00 AM EDTJOHNSTOWN, Pa., April 22, 2019 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.025 per share quarterly common stock cash dividend. This new quarterly dividend amount represents a 25% increase from the previous $0.02 per share quarterly dividend. The cash dividend is payable May 20, 2019 to shareholders of record on May 6, 2019. This cash dividend represents a 2.46% annualized yield using the April 18, 2019 closing common stock price of $4.06 and represents an approximate payout ratio of 23% based upon the Company's recently reported first quarter 2019 earnings per share of $0.11.Â
Jeffrey A. Stopko, President... More
