ABSECON, N.J. - Absecon Bancorp (OTC:ASCN), the parent company of First National Bank of Absecon, announced on Wednesday that its Board of Directors has approved a regular quarterly cash dividend of $0.75 per share. The upcoming dividend is scheduled to be paid on March 28, 2024, to shareholders who are on record as of March 14, 2024.
First National Bank of Absecon, which operates as a community bank, has been a fixture in Atlantic County since its founding in 1916. The bank provides a range of financial services, including deposit and loan products primarily to retail customers and small to mid-sized businesses.
With a focus on its primary market in Atlantic County, the bank also serves parts of Burlington (NYSE:BURL), Cape May, Cumberland, Gloucester, and Ocean Counties.
Customers of First National Bank of Absecon are assured that their deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum legal limit. The process of distributing the dividends will be managed by Computershare Trust Company, N.A.
This dividend declaration follows a tradition of the bank's commitment to returning value to its shareholders. The information regarding the dividend was sourced from a press release issued by Absecon Bancorp.
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