Lyons Bancorp, Inc., the parent financial holding company of The Lyons National Bank, announced today that it is raising its quarterly common stock cash dividend to $0.35 from $0.34 per share. The annualized dividend will be $1.40 per common share. The dividend will be paid on October 15, 2022, to common stock shareholders of record on the Company’s books at the close of business September 30, 2022.
“As our earnings momentum continues, the Board was comfortable taking this action,” said Robert A. Schick, Board Chairman.
Based on the last known trading price of the common stock of Lyons Bancorp, the annualized dividend yield is 2.80%. The stock symbol for Lyons Bancorp is LYBC and the Company trades on the Over-the-Counter Quality Market (OTCQX).
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, Canandaigua and Farmington in Ontario County; Waterloo in Seneca County, Penn Yan in Yates County, Perinton in Monroe County and Auburn in Cayuga County. The Lyons National Bank has one subsidiary, Lyons Realty Associates Corp.