Absecon Bancorp (ASCN) Raises Annual Dividend 5% to $2.10; 2.5% Yield

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Go back to Absecon Bancorp (ASCN) Raises Annual Dividend 5% to $2.10; 2.5% Yield

Absecon Bancorp Announces Annual Cash Dividend of $2.10 Per Share

December 3, 2021 11:57 AM EST

ABSECON, N.J., Dec. 03, 2021 (GLOBE NEWSWIRE) -- Absecon Bancorp (the Company) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors authorized a cash dividend in the amount of $2.10 per share.

This dividend represents a 5% increase over last years regular cash dividend and is consistent with our long-term capital management policies and our commitment to our stockholders.  We will continue to prudently invest in our business, buyback our stock when it makes economic sense, and... More