FRANKLIN, Ind. - Third Century Bancorp (OTCPINK: TDCB), the holding company for Mutual Savings Bank, has announced a dividend of $0.05 per share. The dividend is set for shareholders on record as of September 30, 2024, with the payment date scheduled for October 15, 2024.
Mutual Savings Bank, established in 1890, serves as a full-service financial institution boasting assets exceeding $316 million. The bank's headquarters is located on East Jefferson Street in Franklin, Indiana, and it maintains additional branches in the Franklin area, Trafalgar, and Greenwood, Indiana.
This dividend declaration follows Third Century Bancorp's tradition of returning value to its shareholders and reflects the company's financial health and commitment to its investors. The announcement is based on a press release statement from the company.
InvestingPro Insights
As Third Century Bancorp (OTCPINK: TDCB) continues its tradition of rewarding shareholders with dividends, current metrics reveal a mixed financial landscape. According to InvestingPro data, the company has a market capitalization of approximately 9 million USD and maintains a price-to-earnings (P/E) ratio of 8.22. This P/E ratio has seen a slight increase over the last twelve months as of Q2 2024, moving to 8.32, signaling stability in earnings relative to the company's share price.
While the company's revenue has declined by 5.03% over the last twelve months as of Q2 2024, there is a silver lining with a quarterly revenue growth of 1.33% in Q2 2024. This suggests a potential turnaround or seasonal adjustment in the company's financial performance. Moreover, the company has been profitable over the last twelve months, which aligns with its ability to sustain dividend payments for 12 consecutive years, a testament to its financial reliability.
InvestingPro Tips indicate that the stock is currently trading near its 52-week high, with a price that is 98.71% of this peak value. This could suggest a strong market confidence in the company or a need for caution if investors are wary of stocks in overbought territory, as indicated by the RSI metric. Additionally, while the company has been profitable, it suffers from weak gross profit margins.
For investors seeking more in-depth analysis, there are additional InvestingPro Tips available, providing a comprehensive look at Third Century Bancorp's financial health and market position. These tips can be found at https://www.investing.com/pro/TDCB, offering valuable insights for making informed investment decisions.
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