LNB Bancorp Keeps Dividend Steady at $0.01
Commercial banking concern LNB Bancorp announced yesterday its second-quarter dividend of a penny per share, the same rate it's paid since 2009, when it cut the payout from $0.09.
The board of directors said the quarterly dividend is payable on June 21 to the holders of record at the close of business on June 10. LNB has paid quarterly dividends since 2007.
The regular dividend payment equates to a $0.04-per-share annual dividend yielding 0.4% based on the closing price of LNB Bancorp' stock on May 21.
The article LNB Bancorp Keeps Dividend Steady at $0.01 originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.