Glen Burnie Bancorp (NASDAQ:GLBZ) declared a quarterly dividend on Friday, April 12th, Fidelity reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.10 per share by the financial services provider on Friday, May 3rd. This represents a $0.40 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, April 18th.
Glen Burnie Bancorp has raised its dividend by an average of 2.6% per year over the last three years.
Glen Burnie Bancorp stock opened at $10.66 on Wednesday. The company has a market capitalization of $30.04 million, a price-to-earnings ratio of 19.04 and a beta of 0.24. Glen Burnie Bancorp has a 1 year low of $10.00 and a 1 year high of $13.55.
Separately, ValuEngine downgraded shares of Glen Burnie Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, March 21st.
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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.
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