The Board of Directors of Consumers Bancorp, Inc. (OTCQX:CBKM), the holding company for Consumers National Bank, declared a quarterly dividend on the outstanding shares of the corporation's common stock in the amount of $0.17 (17 cents) per share on May 11, 2023. The dividend is payable on June 15, 2023, to shareholders of record at the close of business on May 22, 2023. This quarterly dividend reflects an annualized dividend yield of 3.93% based on the stock's closing price of $17.30 on May 10, 2023.
Anyone interested in purchasing Consumers Bancorp stock may visit the Investor Relations website at www.investor.consumersbank.com to obtain a list of market makers for the stock. Headquartered in Minerva, Ohio, Consumers National Bank operates 21 full-service bank branches and one loan production office throughout Carroll, Columbiana, Jefferson, Mahoning, Stark, and Summit counties.
Forward-Looking Statements
The information contained in this press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may involve risks and uncertainties that are difficult to predict, may be beyond Consumers' control and could cause actual results to differ materially from those described in such statements. Although Consumers believes that the expectations reflected in such forward-looking statements are reasonable, Consumers can give no assurance that such expectations will prove to be correct. The forward-looking statements included in this discussion speak only as of the date they are made, and, except as required by law, Consumers undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances. Important factors that could cause actual results to differ materially from those suggested by these forward-looking statements and that could adversely affect Consumers' performance include, but are not limited to: regional and national economic conditions becoming less favorable than expected resulting in, among other things, a deterioration in credit quality of assets, changes in levels of market interest rates which could reduce anticipated or actual margins, credit risks of lending activities, the nature, extent and timing of governmental actions and reforms, competitive pressures on product pricing and services and changes in technology.
Consumers Bancorp Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 19:46:05 UTC.
Consumers Bancorp, Inc. is a bank holding company for Consumers National Bank (the Bank). The Company is engaged in the business of commercial and retail banking. The Bankâs business involves attracting deposits from businesses and individual customers and using such deposits to originate commercial, mortgage and consumer loans in its primary market area. The Bank also invests in securities consisting primarily of United States government-sponsored entities, municipal obligations, mortgage-backed and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac and Ginnie Mae. Its deposit products include business and personal savings accounts, negotiable order of withdrawal accounts, time deposits and demand accounts, as well as certificates of deposit. The Bankâs primary market area includes Carroll, Columbiana, Jefferson, Mahoning, Stark, Summit, Wayne, and contiguous counties in Ohio, Pennsylvania, and West Virginia. The Bank operates online and 21 branch locations.