Calvin B. Taylor Bankshares, Inc. Announces 10% Increase in Quarterly Cash Dividend to $0.33 per Share

ACCESSWIRE
21 Sep 2022, 00:25 GMT+10

BERLIN, MD / ACCESSWIRE / September 20, 2022 / Calvin B. Taylor Bankshares, Inc. (OTCQX:TYCB), parent company of Calvin B. Taylor Bank, announced today that the Board of Directors declared a regular quarterly cash dividend of $0.33 per share which is an increase of $0.03 per share, or 10%, compared to the prior quarter. This dividend is payable on October 14, 2022 to stockholders of record as of the close of business on September 30, 2022. Raymond M. Thompson, President and Chief Executive Officer remarked, 'Despite current economic uncertainty and financial market volatility, the company is experiencing strong financial performance in 2022. The dividend increase this quarter evidences the Board of Directors commitment to enhance stockholder return by providing a consistent and growing dividend.'

###

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 12 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, Senior Vice President and Chief Financial Officer
410-641-1700, taylorbank.com

SOURCE: Calvin B. Taylor Bankshares, Inc.

View source version on accesswire.com:
https://www.accesswire.com/716522/Calvin-B-Taylor-Bankshares-Inc-Announces-10-Increase-in-Quarterly-Cash-Dividend-to-033-per-Share

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Albuquerque Express.

More Information

77 ℉

Mostly Cloudy in Albuquerque

International

Section

Musk's Neuralink to implant chip in brain of paralysis patients

FREMONT, California: This week, brain-chip startup Neuralink, owned by billionaire Tesla CEO Elon Musk, said an independent review board granted ...

Delta flight hit by possible lightning, lands safely in Boston

BOSTON, Massachusetts: Officials said that a Delta flight from Chicago to Boston that was possibly struck by lightning landed safely ...

Indonesian woman jailed for violating country's blasphemy law

JAKARTA, Indonesia: An Indonesian court sentenced Lina Lutfiawati, also known as Lina Mukherjee, to two years in prison this week ...

China wants Hong Kong consulates to give personal data of local staff

HONG KONG: The Chinese Foreign Ministry has issued a request to all foreign consulates in Hong Kong, seeking the personal ...

Rattlesnake bites Amazon driver in Florida during delivery

MARTIN COUNTY, Florida: An Amazon driver making a delivery to a Florida home this week was bitten by a rattlesnake ...

Canada's TMX expansion may triple oil flow to country's Pacific Coast

CALGARY, Canada: From early 2024, the long-delayed and controversial Canadian government-owned Trans Mountain oil pipeline expansion (TMX) is expected to ...

Business

Section