At its recent meeting, the Board of Directors of Lyons Bancorp, Inc., a financial holding company and the parent of The Lyons National Bank, approved an increase in the Company’s annual common stock cash dividend to $1.24 from $1.20. This is the 22nd consecutive year that the Bank’s common stock dividend has been increased. The quarterly dividend of $0.31 will be paid on October 15, 2019, to all common stock shareholders of record at the close of business on September 30, 2019 “Our sustained growth and strong earnings have once again afforded our Board the opportunity to increase our common stock dividend,” said Chairman and CEO Robert A. Schick. “While interest rates are trending downward, the annualized dividend yield exceeds 3.00% based on the current market price of our common stock.”
The Bank’s Board also declared the regular quarterly dividend on the Company’s 5.00% non-cumulative convertible preferred stock. That dividend will be paid on September 13, 2019, to all preferred stock shareholders of record at the close of business on August 30, 2019.
Lyons Bancorp, Inc. is the financial holding company for The Lyons National Bank. The Lyons National Bank is a 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; Waterloo in Seneca County; Perinton in Monroe County; and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.