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QNB Declares Dividend

February 28, 2014

The Board of Directors of QNB Corp., parent company of QNB Bank, at a regular meeting on February 25, declared a quarterly cash dividend of $0.28 per share.

According to a release, the amount represents a 3.7 percent increase from the prior quarter. Based upon the closing price of a share as of close of business February 24, this represents a yield of 4.0 percent. The cash dividend is payable on March 28, to shareholders of record March 14.

"As a result of the continued solid financial performance of QNB Corp., the Board of Directors is pleased to be able to increase the dividend by 3.7 percent. As a result of its well capitalized position, QNB Corp. is able to continue its uninterrupted history of quarterly dividends," said David W. Freeman, President and Chief Executive Officer.

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Source: Health & Beauty Close - Up

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