QUAKERTOWN, Pa., Feb. 26, 2013 /PRNewswire/ -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 26, 2013 declared a quarterly cash dividend of $0.27 per share. The amount represents a 3.8% increase from the prior quarter. Based upon the closing price of a share as of close of business February 25, 2013, this represents a yield of 4.6%. The cash dividend is payable on March 29, 2013 to shareholders of record March 15, 2013.
"As a result of the continued strong financial performance of QNB Corp., as represented by the third consecutive year of record earnings, the Board of Directors is pleased to be able to increase the dividend by 3.8%. As a result of its well capitalized position, QNB Corp. is able to continue its uninterrupted history of quarterly dividends," said David W. Freeman, President and Chief Executive Officer.
QNB Corp. offers commercial and retail banking services through the ten banking offices of its subsidiary, QNB Bank. In addition, QNB Bank provides securities and advisory services under the name of QNB Financial Services through Investment Professionals, Inc., a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. QNB Corp.'s stock is traded in the over-the-counter market under the symbol "QNBC." For more information, visit QNB's web site at www.QNB.com.
SOURCE QNB Corp.