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.