LCNB Corp (LCNB) Announces 500K Share Buyback
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LCNB Corp. Announces New 500,000 Share Repurchase Program
February 28, 2023 8:00 AM ESTLEBANON, Ohio--(BUSINESS WIRE)-- LCNB Corp. (Nasdaq: LCNB) today announced that the Companys Board of Directors has approved a new share repurchase program under which the Company is authorized to repurchase up to 500,000 shares of its common stock (the Program).
LCNB President and Chief Executive Officer Eric Meilstrup said, Since 2020, LCNB has invested approximately $34 million to repurchase 1,851,403 shares of our stock, reducing our common shares outstanding by approximately 14.3% prior to the repurchase. In addition, over this period our annual dividend has increased by 11% to $0.81 per share. Our share repurchase program and dividend policy... More
