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

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Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend on Friday, January 11th, Wall Street Journal reports. Stockholders 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 of this dividend is Thursday, January 17th.

Glen Burnie Bancorp has increased its dividend by an average of 2.6% annually over the last three years.

NASDAQ GLBZ opened at $10.26 on Friday. The firm has a market cap of $30.11 million, a PE ratio of 17.54 and a beta of 0.14. Glen Burnie Bancorp has a one year low of $10.00 and a one year high of $13.55.

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

Separately, ValuEngine upgraded Glen Burnie Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

In other news, CEO John D. Long acquired 2,000 shares of the stock in a transaction that occurred on Monday, October 29th. The shares were acquired at an average cost of $12.67 per share, for a total transaction of $25,340.00. Following the purchase, the chief executive officer now owns 7,688 shares of the company’s stock, valued at approximately $97,406.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.

Read More: What Is An Exchange-Traded Fund (ETF)?

Dividend History for Glen Burnie Bancorp (NASDAQ:GLBZ)

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