The Board of Directors of Lyons Bancorp, Inc., the parent company of The Lyons National Bank, raised the Company’s quarterly common stock cash dividend to $0.30 from $0.27 per share. This dividend will be paid on October 15, 2018, to common stock shareholders of record on the Company’s books at the close of business on September 30, 2018.
“Confident that our positive earnings momentum will continue, for the 21st consecutive year the Board raised the cash dividend on our common shares, and in doing so maintained its long-term commitment of paying 40% of our annualized earnings back to our shareholders,” said Robert A. Schick, Chairman and Chief Executive Officer. “Based on our current market price, the $1.20 annualized dividend produces a dividend yield in excess of 3.00%.”
The Lyons National Bank is a community bank located in the Finger Lakes region of Upstate New York 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; Perinton in Monroe County; and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.

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