LCNB Corp. Announces 2023 Fourth Quarter Dividend
21 11월 2023 - 6:05AM
Business Wire
Quarterly Cash Dividend Payment Increased 4.8%
Year-over-Year
LCNB Corp. (Nasdaq: LCNB) today announced that the Company’s
Board of Directors declared a cash dividend of $0.22 per common
share which is a 4.8% increase over the same period last year. The
common stock cash dividend will have a record date of December 1,
2023, and is payable to shareholders on December 15, 2023.
Eric Meilstrup, President and Chief Executive Officer stated,
“LCNB has a history of returning capital to shareholders through
our growing dividend program. With the increase in our 2023 fourth
quarter dividend, LCNB has grown its annual cash dividend for six
consecutive years. As a result, our annual dividend has increased
32.8% from $0.64 per share in 2017 to $0.85 per share in 2023. In
addition, since 1998, our annual dividend has increased at a
compound annual growth rate of 3.5%, reflecting LCNB’s legacy of
strong operating and financial results, as well as our continued
commitment to return capital to shareholders.”
About LCNB Corp.
LCNB Corp. is a financial holding company headquartered in
Lebanon, Ohio. Through its subsidiary, LCNB National Bank (the
“Bank”), it serves customers and communities in Southwest and
South-Central Ohio and Northern Kentucky. A financial institution
with a long tradition for building strong relationships with
customers and communities, the Bank offers convenient banking
locations in Butler, Clermont, Clinton, Fayette, Franklin,
Hamilton, Montgomery, Preble, Ross, and Warren Counties, Ohio. The
Bank also provides community-oriented banking services to customers
in Northern Kentucky through a bank office in Boone County,
Kentucky. The Bank continually strives to exceed customer
expectations and provides an array of services for all personal and
business banking needs including checking, savings, online banking,
personal lending, business lending, agricultural lending, business
support, deposit and treasury, investment services, trust and IRAs
and stock purchases. LCNB Corp. common shares are traded on the
NASDAQ Capital Market Exchange® under the symbol “LCNB.” Learn more
about LCNB Corp. at www.lcnb.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231120564446/en/
Company Contact: Eric J. Meilstrup President Chief
Executive Officer LCNB National Bank (513) 932-1414
Shareholderrelations@lcnb.com
Investor and Media Contact: Andrew M. Berger Managing
Director SM Berger & Company, Inc. (216) 464-6400
andrew@smberger.com
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