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
Subscribe and Follow
Get a daily dose of Salt Lake City Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Salt Lake City Sun.
More Information
70
℉
Surging costs to result in vegetable shortages, says EU farmers
PARIS, France: Throughout northern and western Europe, vegetable producers are considering not planting crops due to the financial effects of ...
Asian Development Bank cuts Asia growth forecast
MANILA, Philippines: Amidst increased central bank monetary tightening, Russia's invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development ...
Stock falls after Gap cuts 500 corporate jobs
SAN FRANCISCO, California: Amidst declining margins and weak sales of outdated clothes of its brands, including Old Navy and Banana ...
Many forced out as US rental apartments jump 10% in price
WASHINGTON D.C.: Young workers in the U.S. have been the group most harmed by surging rental prices, with many taking ...
US to allow more tourist flights to Cuba
WASHINGTON D.C.: The U.S. Transport Department has announced that the Biden administration has approved the expansion of U.S. flights to ...
McDonald's Russian successor planning full reopening in 2022
MOSCOW, Russia: After battling supply chain issues, potato shortages and a heftyrebranding job, the successor to McDonald's in Russia, Vkusno ...
Chargers QB Justin Herbert (ribs) active vs. Jaguars
Los Angeles Chargers quarterback Justin Herbert is active for Sunday's game against the Jacksonville Jaguars. Herbert did not practice Friday ...
Tennessee cracks top 10, Florida State returns to poll
Tennessee and North Carolina State cracked the top 10 and Florida State returned to the Associated Press Top 25 college ...
Tehran Rebukes Britain, Norway Over Commentary on Protests
Iran has rebuked Britain and Norway over what it claimed was interference and hostile news coverage of the extensive unrest ...
UN Warns of Growing Criminal Threat from Mekong Region Casinos, SEZs
The unchecked growth of freewheeling business enclaves and casinos in and around Laos is opening new money laundering and drug ...
CIA reveals model used to plan drone ops against Al-Qaeda leader Zawahiri
Washington [US], September 25 (ANI): US intelligence agency, in its museum, has displayed the replica of Ayman al-Zawahiri's hideout which ...
Old ideas of how hearing works questioned in new research
Washington [US], September 25 (ANI): Researchers at Linkoping University, Sweden, and the Oregon Health and Science University, USA have concluded ...
