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.
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