QUAKERTOWN, Pa., Feb. 28, 2017 /PRNewswire/ -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on February 28, 2017 declared a quarterly cash dividend of $0.31 per share. The amount represents a 3.3% increase from the prior quarter. Based upon the closing price of a share as of close of business February 27, 2017, this represents a yield of 3.3%. The cash dividend is payable on March 31, 2017 to shareholders of record March 17, 2017.
"As a result of the continued solid financial performance of QNB Corp., the Board of Directors is pleased to be able to increase the dividend by 3.3%. 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 eleven 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 QNBbank.com.
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SOURCE QNB Corp.