SOUTHAMPTON, Pa., Oct. 14, 2015 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (OTCQX:QNTO) (the "Company"), the holding company for Quaint Oak Bank, announced today that its Board of Directors at their meeting on October 14, 2015, declared an increase of 7.14% in the quarterly cash dividend rate to $.0375 per share on the common stock of the Company payable on October 26, 2015, to the shareholders of record at the close of business on November 9, 2015.
Robert T. Strong, President and Chief Executive Officer stated, “I am pleased to announce the increase in our quarterly cash dividend rate to $.0375 per share following our two-for-one stock split in the form of a 100% stock dividend completed in September 2015. As always, our current and continued business strategy includes long term profitability and payment of dividends reflecting our strong commitment to shareholder value.”
Quaint Oak Bancorp, Inc. is the holding company for Quaint Oak Bank. Quaint Oak Bank is a Pennsylvania-chartered stock savings bank headquartered in Southampton, Pennsylvania and conducts business through its two banking offices located in the Delaware Valley and Lehigh Valley markets in Pennsylvania.
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