Glen Burnie Bancorp (GLBZ) to Issue Quarterly Dividend of $0.10 on November 1st

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Glen Burnie Bancorp (NASDAQ:GLBZ) announced a quarterly dividend on Thursday, October 10th, Fidelity reports. Shareholders of record on Monday, October 21st will be given a dividend of 0.10 per share by the financial services provider on Friday, November 1st. This represents a $0.40 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Friday, October 18th.

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

Shares of NASDAQ GLBZ opened at $10.80 on Wednesday. Glen Burnie Bancorp has a fifty-two week low of $10.00 and a fifty-two week high of $12.79. The firm has a market capitalization of $30.50 million, a PE ratio of 23.48 and a beta of 0.30. The stock’s 50-day simple moving average is $10.62 and its 200-day simple moving average is $10.67.

Glen Burnie Bancorp (NASDAQ:GLBZ) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $0.11 EPS for the quarter. The company had revenue of $3.41 million for the quarter. Glen Burnie Bancorp had a return on equity of 3.81% and a net margin of 8.04%.

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

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.

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Dividend History for Glen Burnie Bancorp (NASDAQ:GLBZ)

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