Absecon Bancorp announces annual cash dividend of US$2.10 per share – QNT Press Release

Absecon, New Jersey, December 3, 2021 (Global News Service)-Absecon Bank (the “Company”) (over-the-counter, transaction name ASCN), the bank holding company of Absecon First National Bank, Absecon A community bank headquartered in Atlantic County, New Jersey, announced today that its board of directors has authorized a cash dividend of $2.10 per share.

“This dividend is an increase of 5% over last year’s regular cash dividend, which is in line with our long-term capital management policy and our commitment to shareholders. We will continue to invest our business cautiously, repurchase our stock when the economy is reasonable, and follow suit Distribute the returns from these investments to our shareholders over time,” said C. Eric Gaupp, President and CEO of Absecon Bancorp.

As part of the capital management plan, the annual cash dividend announced today…

The full story can be found on Benzinga.com

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