Lyons Bancorp, Inc. Announces 5.25% Dividend Increase
The Board of Directors of Lyons Bancorp, Inc., the parent of The Lyons National Bank (LNB), declared an increase in the Company’s common stock quarterly cash dividend of $.02 per share. The quarterly cash dividend is now $0.40 per share. Shareholders of record at the close of business on September 30, 2015 will be paid the dividend on October 15, 2015. Based on the current quoted price of the Company’s common stock, the annualized dividend of $1.60 per share produces a dividend yield of approximately 3.25%.
“Due to our continued earnings momentum, this is the 13th consecutive year the Board has raised the common dividend,” said Robert A. Schick, President and CEO. “Moreover, within those 13 years, the Board has either raised the dividend or declared a special dividend to the shareholders over 25 times.”