the little bank declares cash dividend, to continue common stock repurchase.
Global Banking News-May 5, 2017--the little bank declares cash dividend, to continue common stock repurchase
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Global Banking News - 05 May 2017
the little bank (OTCQX: LTLB) has said that its board of directors has declared a semi-annual cash dividend of USD0.0850 per share on its common stock.
The dividend will be payable on June 30, 2017, to shareholders of record as of June 15, 2017. The total common stock shares issued and outstanding as of April 30, 2017 were 3,355,974.
In addition, the little bank has said that it has received regulatory approval to continue its common stock repurchase plan for an additional twelve months commencing June 1, 2017. The company will make purchases in the open market and the repurchases will be subject to the availability of stock, general market conditions, the trading price of stock, alternative uses for capital and the company's financial performance.
Headquartered in Kinston, North Carolina, the little bank currently serves the Lenoir, Wayne, Onslow, Pitt, Craven and New Hanover county markets.
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