Calvin B. Taylor Bankshares, Inc. Announces Increase in Quarterly Cash Dividend to $0.35 per Share
BERLIN, MD / ACCESSWIRE / April 19, 2024 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced the Board of Directors has declared a regular quarterly cash dividend of $0.35 per share for the first quarter of 2024 which is an increase of $0.01 per share, compared to the prior quarter. This dividend is payable on May 2, 2024 to stockholders of record as of the close of business on April 22, 2024.
Raymond M. Thompson, President and Chief Executive Officer commented, "The Company experienced strong earnings performance during the 1st quarter of 2024. Persistent U.S. inflation suggests that the Federal Open Market Committee will delay previously forecasted interest rate decreases until late summer or early fall 2024. The Company's liquidity, asset quality and capital metrics remain healthy and stable. The dividend increase this quarter reflects the Board's ongoing commitment to stockholders by providing a consistent and sustainable return on investment."
###
About Calvin B. Taylor Bank
Calvin B. Taylor Bank, the bank subsidiary of Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB), founded in 1890, offers a wide range of loan, deposit, and ancillary banking services through both physical and digital delivery channels. Calvin B. Taylor Bank has 11 banking locations within the eastern coastal area of the Delmarva Peninsula including Worcester County, Maryland, Sussex County, Delaware and Accomack County, Virginia.
Contact
M. Dean Lewis, Executive Vice President and Chief Financial Officer
410-641-1700, taylorbank.com
SOURCE: Calvin B. Taylor Bankshares, Inc.
View the original press release on accesswire.com
-
Why Immigration Has Boosted Job Gains and the Economy
-
What to Invest in During High Inflation
-
Never Mind Market Efficiency: Are the Markets Sensible?
-
Starbucks Stock Could Use a Pick-Me-Up After Big Selloff; Is it a Buy?
-
5 Cheap Stocks to Buy From an Attractive Part of the Market
-
Markets Brief: All Eyes On Inflation
-
5 Things We Learned From the Q1 Earnings Season
-
After Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Target Stock a Buy, a Sell, or Fairly Valued?
-
Walmart Earnings: Low Prices and Strong Digital Presence Drive Market Share Gains
-
After Earnings and a Big Selloff, Is Shopify Stock a Buy, a Sell, or Fairly Valued?
-
Cisco Earnings: Positive Guidance and Splunk Inclusion Align With Our Long-Term Thesis
-
3 Warren Buffett Stocks to Buy After Berkshire Hathaway’s Just-Released 13F Filing
-
Going Into Earnings, Is Nvidia Stock a Buy, a Sell, or Fairly Valued?
-
After Earnings, Is Arista Stock a Buy, a Sell, or Fairly Valued?
-
A Cheap Dividend Aristocrat to Buy Before It Bounces Back