Shore Community Bank (SHRC) Declares $0.075 Quarterly Dividend; 2% Yield

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Go back to Shore Community Bank (SHRC) Declares $0.075 Quarterly Dividend; 2% Yield

Shore Community Bank Announces First Quarter 2019 Net Income And Declares Quarterly Cash Dividend

April 25, 2019 4:07 PM EDT

TOMS RIVER, N.J., April 25, 2019 /PRNewswire/ -- Shore Community Bank (OTCPK: SHRC) today reported net income of $826,817 or 26 cents per diluted share for the three months ended March 31, 2019, compared to net income of $838,339 or 27 cents per diluted share reported for the first quarter of 2018.

The Board of Directors also announced a quarterly cash dividend of $0.075 per share. The dividend will be paid on May 17, 2019 to all shareholders of record on May 7, 2019.

Commenting on the results, Robert T. English, President and Chief Executive Officer stated, "We are pleased with... More