Absecon Bancorp (ASCN) Raises Annual Dividend 4.8% to $2.20; 3% Yield
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Absecon Bancorp Announces Annual Cash Dividend of $2.20 Per Share
December 12, 2022 12:14 PM ESTABSECON, N.J., Dec. 12, 2022 (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 $2.20 per share on November 22, 2022.
This dividend represents a 4.76% 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... More
