Oak Ridge Financial Services, Inc. (BKOR) Raises Quarterly Dividend 25% to $0.10; 2.4% Yield

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Go back to Oak Ridge Financial Services, Inc. (BKOR) Raises Quarterly Dividend 25% to $0.10; 2.4% Yield

Oak Ridge Financial Services, Inc. Announces First Quarter 2023 Results, Increase in Quarterly Cash Dividend to $0.10 Per Share

May 2, 2023 4:44 PM EDT

OAK RIDGE, N.C., May 02, 2023 (GLOBE NEWSWIRE) -- Oak Ridge Financial Services, Inc. (Oak Ridge; or the Company) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the Bank), announced unaudited financial results for the first three months of 2023, and an increase of $0.02, or 25%, in its quarterly cash dividend to $0.10 per common share.

First Quarter 2023 Performance

Earnings per share of $0.47 for the first quarter of 2023, down 15 cents from the year-ago quarter.Annualized return on average common stockholders equity of 9.62% for the first quarter 2023, compared to 13.07% for the... More