QUAKERTOWN, Pa., March 1, 2011 /PRNewswire/ -- The Board of Directors of QNB Corp. (OTC Bulletin Board: QNBC), parent company of QNB Bank, at a regular meeting on March 1, 2011 declared a quarterly cash dividend of $.25 per share. The amount represents a 4.2% increase from the prior quarter. Based upon the closing price of a share as of close of business February 28, 2011, this represents a yield of 4.8%. The cash dividend is payable on March 30, 2011 to shareholders of record March 16, 2011.
"The Board of Directors is pleased to be able to increase the dividend and continue the Company's uninterrupted history of quarterly dividends," said Thomas J. Bisko, Chief Executive Officer.
QNB Corp. offers commercial and retail banking services through the nine banking offices of its subsidiary, QNB Bank. In addition, QNB Bank provides retail brokerage services through Raymond James Financial Services, Inc. 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.