Auburn National Bancorporation Declares New Cash Dividend
Auburn National Bancorporation Announces Cash Dividend
Auburn National Bancorporation, Inc. has proudly declared a cash dividend for the first quarter of this fiscal year. This decision reflects the company's commitment to deliver value to its shareholders regularly.
Dividend Details
The Board of Directors has approved a dividend of $0.27 per share, which is designated for distribution on March 25, 2025. Shareholders on record as of March 10, 2025, will benefit from this initiative, which aims to enhance their investment returns.
Company Overview
Auburn National Bancorporation, Inc. serves as the holding company for AuburnBank. With total assets exceeding $977 million, it plays a pivotal role in the financial landscape of its operating regions. The bank has established itself as a reliable financial institution since its inception in 1907, participating actively as a member of the Federal Reserve System.
Banking Operations
Providing a suite of banking services, AuburnBank operates across East Alabama, encompassing vital areas such as Lee County and its surroundings. Currently, the bank has a network of seven full-service branches strategically located in Auburn, Opelika, Valley, and Notasulga, ensuring accessibility for its clientele. Moreover, a loan production office situated in Phenix City extends its reach further.
Focus on Local Community
Auburn National Bancorporation is dedicated to fostering growth within the communities it serves. By facilitating financial services geared towards local needs, the company reinforces its commitment to the economic wellbeing of East Alabama.
Looking Ahead
As the company continues to monitor market conditions, its leadership is keen on navigating the evolving financial environment, striving to maintain solid returns for its shareholders. The declaration of the dividend signifies the company’s robust financial health and strategic direction in fostering stakeholder relationships.
Conclusion
In summary, Auburn National Bancorporation, Inc. is enacting a noteworthy cash dividend, reinforcing its position within the financial sector. The commitment to regularly reward shareholders indicates a thriving organizational framework and a successful operational model.
Frequently Asked Questions
What is the declared cash dividend amount?
The declared cash dividend amount is $0.27 per share.
When will the dividend be paid?
The dividend is set to be paid on March 25, 2025.
Who qualifies for the dividend payment?
Shareholders recorded by March 10, 2025, will be eligible for the dividend payment.
What are Auburn National Bancorporation’s total assets?
The company holds total assets of approximately $977 million.
How long has AuburnBank been operating?
AuburnBank has been operating since 1907, providing banking services to its communities.
About The Author
Contact Riley Hayes privately here. Or send an email with ATTN: Riley Hayes as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.