The board of directors of Lyons Bancorp Inc, the parent company of Lyons National Bank, recently raised the company’s quarterly common stock cash dividend from 25 cents to 26 cents.
This dividend will be paid April 14 to common stock shareholders of record on the company’s books at the close of business March 31.
“Confident with the continuation of our positive earnings momentum, for the 16th consecutive year the board raised our cash dividend, and in doing so maintained its long-term commitment of paying 40 percent of our annualized earnings back to our shareholders,” said Robert Schick, chairman and CEO. “With the 50 percent increase in our market price since yearend, this dividend increase results in an annualized yield of 2.31 percent.”
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