QUAKERTOWN, Pa., Feb. 16 /PRNewswire-FirstCall/ -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a meeting on February 16, 2010 declared a quarterly cash dividend of $.24 per share. The dividend is payable March 26, 2010 to shareholders of record March 5, 2010.
"While the economy remains weak and many banks have reduced or eliminated their dividend, the Board of Directors is pleased to be able to maintain its dividend and continue the Company's uninterrupted history of quarterly dividends," said Thomas J. Bisko, President and CEO.
QNB Corp. recently introduced a Dividend Reinvestment and Stock Purchase Plan (the "Plan") that provides participants a convenient and economical method for investing cash dividends paid on the Company's common stock in additional shares at a discount. The Plan also allows participants to make additional cash purchases of stock at a discount. Additional details of the Plan can be found in the prospectus which is located on the investor relations page at www.QNB.com.
QNB Corp. offers commercial and retail banking services through the nine banking offices of its subsidiary, QNB Bank. In addition, QNB Bank provides retail brokerage services through Raymond James Financial Services, Inc. and title insurance as a member of Laurel Abstract Company LLC. QNB Corp.'s stock is traded in the over-the-counter market under the symbol "QNBC." For more information, visit QNB's web site at www.QNB.com.
SOURCE QNB Corp.
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