JOHNSTOWN, Pa., Jan. 25, 2017 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. The cash dividend is payable February 21, 2017 to shareholders of record on February 6, 2017. This cash dividend represents a 1.52% annualized yield using the January 24, 2017 closing common stock price of $3.95 and represents an approximate payout ratio of 25% based upon the Company's recently reported fourth quarter 2016 earnings per share of $0.06.
AmeriServ Financial, Inc. is the parent of AmeriServ Financial Bank and AmeriServ Trust and Financial Services Company in Johnstown. The Company's subsidiaries provide full-service banking and trust and wealth management services through sixteen community offices in southwestern Pennsylvania. At December 31, 2016, AmeriServ had total assets of $1.15 billion, a book value of $5.05 per common share and a tangible book value of $4.41 per common share.