Quaint Oak Bancorp, Inc. Declares Quarterly Cash Dividend
11 April 2014 - 5:39AM
Quaint Oak Bancorp, Inc. (OTCQB:QNTO) (the "Company"), the holding
company for Quaint Oak Bank (the "Bank"), announced today that its
Board of Directors at their meeting on April 9, 2014, declared a
quarterly cash dividend of $0.06 per share on the common stock of
the Company payable on May 5, 2014, to the shareholders of record
at the close of business on April 21, 2014.
Robert T. Strong, President and Chief Executive Officer stated,
"I am pleased to announce the 20% increase in our quarterly cash
dividend to $0.06 per share, which reflects our positive financial
performance for 2013 and represents our fifth annual increase in
our dividend since 2009. As always, our current and continued
business strategy includes long term profitability, a continuing
repurchase plan and payment of dividends. This focus reflects the
Company's strong commitment to shareholder value."
Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak
Bank. Quaint Oak Bank is a Pennsylvania-chartered stock savings
bank headquartered in Southampton, Pennsylvania and conducts
business through its two banking offices located in the Delaware
Valley and Lehigh Valley markets in Pennsylvania.
Statements contained in this news release which are not
historical facts may be forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements can be identified by the fact that they
do not relate strictly to historical or current facts. They often
include words like "believe," "expect," "anticipate," "estimate"
and "intend" or future or conditional verbs such as "will,"
"would," "should," "could" or "may." We undertake no obligation to
update any forward-looking statements.
CONTACT: Quaint Oak Bancorp, Inc.
Robert T. Strong, President and Chief Executive Officer
(215) 364-4059
Quaint Oak Bancorp (QB) (USOTC:QNTO)
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