Lyons Bancorp Increases Quarterly Dividend
The Board of Directors of Lyons Bancorp, Inc., the holding company for The Lyons National Bank, approved a 6.5% increase in the Company’s common stock dividend. The quarterly dividend was increased from $0.31 to $0.33 per common share or $1.32 annualized. The new dividend will be paid on October 15, 2013 to all shareholders of record as of the close of business September 30, 2013. Based on the trading price of the company’s common stock at the close of business on August 23, 2013 of $35.00 per share, the annualized dividend yield is 3.77%.
Robert A. Schick, President and Chief Executive Officer reiterated, “Our continued growth and profitability has afforded our Board the opportunity to again increase our quarterly cash dividend. This is the 30th time in the past 12 years that the Board has approved an increase in our quarterly cash dividend.”
Lyons Bancorp, Inc. is the holding company for The Lyons National Bank. The Lyons National Bank is a $700 million independent, community bank with offices in Lyons, Clyde, Macedon, Newark, Ontario, and Wolcott in Wayne County; Jordan in Onondaga County; Geneva and Canandaigua in Ontario County; Penn Yan in Yates County; and Waterloo in Seneca County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.