December 20, 2012
The Board of Directors of Lons Bancorp, Inc., the parent company of The Lyons National Bank, declared a special $0.05 cash dividend per common share and increased the Company's quarterly cash dividend to $0.31 from $0.30 per common share. Both dividends will be paid on December 31, 2012, to shareholders of record as of the close of business on December 28, 2012. Based on the current market price of the Company's stock and considering the special $0.05 dividend and as well as the increase, the Company's annualized dividend yield is 3.69%.
LYONS, NY:
Company President and CEO, Robert A. Schick stated, "The Board was pleased to declare these dividends; their action is a result of the record financial performance the Company is experiencing in 2012. The Board's decision to pay the quarterly dividend in December rather than January was predicated on talks regarding possible tax law changes in 2013."
The Lyons National bank is a $660 million independent, community bank with eleven branch offices located throughout Wayne, Onondaga, Ontario, Seneca and Yates Counties. LNB has a long-standing tradition of excellence, dating back to 1852. As its mission, LNB safely and profitably serves all of its customers and communities with unmatched professional service. LNB offers an extensive variety of products within the personal and business banking realms, including mobile banking, online banking, Cash Manager, Remote Deposit Capture and much more. LNB also provides financial services, including investments and insurance. For a complete listing of products and services, as well as branch locations, please visit BankwithLNB.com. Member FDIC.