Jeffersonville Bancorp Declares Special Dividend
Jeffersonville Bancorp, Inc. has recently declared a special cash dividend of $0.25 per share on its common stock. This announcement was made during the latest meeting of the Board of Directors and reflects the company's confirmed financial strength.
Highlights of the Dividend Declaration
Shareholders will be pleased to know that this special dividend is scheduled for payment on February 5. Only those stockholders who are on record by the end of business on January 29 will qualify to receive the dividend. This move signifies the company's commitment to its investors and demonstrates a strong financial position.
Company Performance and Financial Health
George W. Kinne, Jr., President and CEO of Jeffersonville Bancorp, expressed satisfaction regarding the company's performance over the past year. He noted that the previous year's success was attributed to increased loan interest income, maintained credit quality, and low core funding costs. These aspects contributed significantly to the company's ability to build up its capital reserves.
Strong Capital Position
The achievement of significant capital accretion has allowed Jeffersonville Bancorp to take concrete steps towards rewarding its shareholders. Kinne remarked, "The Board of Directors is pleased that with our positive results and strong capital position, they are able to reward our loyal shareholders with this special cash dividend.” Such decisions resonate well with investors who value consistent returns.
About Jeffersonville Bancorp
Jeffersonville Bancorp operates as a one-bank holding company for Jeff Bank, a financial institution with a solid presence in Sullivan and Orange County, New York. The bank boasts ten full-service branches situated in key locations such as Monticello, Eldred, and Liberty, enhancing its accessibility to a broad customer base.
Community Engagement
With a focus on community banking, Jeff Bank is committed to serving the local areas by offering personalized services tailored to meet the unique needs of its clientele. Engaging with the communities where it operates, the bank strives to foster relationships and support local initiatives.
Contact Information
For more information about Jeffersonville Bancorp and its operations, interested parties can contact the company directly. You can reach them at 845-482-4000 or get in touch with George W. Kinne, Jr., President and CEO for corporate inquiries.
Frequently Asked Questions
What is the special dividend amount declared by Jeffersonville Bancorp?
The special dividend amount is $0.25 per share, which will benefit the company’s shareholders.
When will the special dividend be paid?
The dividend is set to be paid on February 5 to registered shareholders as of January 29.
What factors contributed to the dividend declaration?
The successful performance of Jeffersonville Bancorp in areas such as loan interest income and effective capital management allowed for this rewarding dividend.
How many branches does Jeff Bank operate?
Jeff Bank operates ten full-service branches across Sullivan and Orange County, New York, enhancing customer accessibility.
Who can I contact for more information about Jeffersonville Bancorp?
You can contact Jeffersonville Bancorp at 845-482-4000 or reach out to George W. Kinne, Jr., the President and CEO.
