Lyons Bancorp, Inc. Declares Second Dividend Increase in 2017
At its recent meeting held on November 21, 2017, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, increased the institution’s quarterly dividend to $0.27 per common share - $1.08 annualized. This is the second time this year the Board has taken this action.
“While it is not the first time our Board has increased our common stock dividend multiple times within one year, the Bank’s continued profitability and growth allowed the Directors to again take this action, ” said Robert A. Schick, Chairman and Chief Executive Officer. “At our current trading price, the dividend yield is 3.08%.” The dividend will be paid on January 15, 2018, to all common stock shareholders of record at the close of business December 31, 2017.
At the same meeting, the Board declared the regular quarterly dividend on the Company’s 5.00% non-cumulative convertible preferred stock. That dividend will be paid on December 15, 2017, to all shareholders of record on November 30, 2017.
Lyons Bancorp, Inc. is the holding company for The Lyons National Bank. The Lyons National Bank is a $1.02 billion independent, community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga County; Auburn in Cayuga County; Geneva and Canandaigua in Ontario County; Penn Yan in Yates County; Waterloo in Seneca County; and Perinton in Monroe County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.