Glen Burnie Bancorp (GLBZ) Declares Quarterly Dividend of $0.10

Glen Burnie Bancorp (NASDAQ:GLBZ) declared a quarterly dividend on Friday, January 11th, Wall Street Journal reports. Shareholders of record on Monday, January 21st will be given a dividend of 0.10 per share by the financial services provider on Friday, February 1st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date is Thursday, January 17th.

Glen Burnie Bancorp has raised its dividend payment by an average of 2.6% per year over the last three years.

Shares of NASDAQ GLBZ traded down $0.05 during midday trading on Friday, reaching $10.26. The company had a trading volume of 2,673 shares, compared to its average volume of 796. The stock has a market cap of $30.11 million, a P/E ratio of 17.54 and a beta of 0.14. Glen Burnie Bancorp has a 1 year low of $10.00 and a 1 year high of $13.55.

Glen Burnie Bancorp (NASDAQ:GLBZ) last posted its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $3.63 million during the quarter. Glen Burnie Bancorp had a net margin of 7.07% and a return on equity of 5.14%.

Separately, ValuEngine raised shares of Glen Burnie Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

In related news, CEO John D. Long purchased 2,000 shares of the firm’s stock in a transaction on Monday, October 29th. The stock was acquired at an average price of $12.67 per share, with a total value of $25,340.00. Following the completion of the acquisition, the chief executive officer now owns 7,688 shares in the company, valued at approximately $97,406.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 18.34% of the company’s stock.

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About Glen Burnie Bancorp

Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company accepts various deposits, including demand savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, IRA and SEP accounts, holiday club accounts, and certificates of deposit.

Further Reading: Blue-Chip Stocks

Dividend History for Glen Burnie Bancorp (NASDAQ:GLBZ)

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