The board of directors of Lyons Bancorp Inc., the parent company of Lyons National Bank, recently declared second-quarter cash dividends for its convertible preferred and common stock issues.
The convertible preferred dividend of $12.50 per $1,000 certificate will be paid June 15. The common stock dividend of $0.26 per share will be paid July 15 to all shareholders of record at the close of business June 30.
“Our continued positive earnings momentum afforded the board of directors the confidence to declare both of these dividends,” said Robert Schick, chairperson and CEO. “At our recent annual shareholders’ meeting, we reviewed our strong financial performance for 2016 and noted that last year was the 20th consecutive year Lyons Bancorp has posted record earnings.”