Lyons Bancorp, Inc. Raises Quarterly Dividend
The Board of Directors of Lyons Bancorp, Inc., the parent of The Lyons National Bank, declared an increase in the Company’s common stock quarterly cash dividend of $.05 per share. The quarterly cash dividend is now $0.25 per share. Shareholders of record at the close of business on March 31, 2016, will be paid the dividend on April 15, 2016. Based on the current quoted price of the Company’s common stock, the annualized dividend of $1.00 per share produces a dividend yield of approximately 3.23%.
The Bank’s earnings momentum allowed the Board to declare this increase,” said Robert A. Schick, President and CEO of The Lyons National Bank. “This was the case with all prior dividend increases, amounting to 26 increases over the past 13 years.”
Lyons Bancorp, Inc. is the holding company for The Lyons National Bank. The Lyons National Bank is a community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga 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.