GLEN BURNIE, Md., Jan. 14, 2016 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (NASDAQ:GLBZ), parent company of The Bank of Glen Burnie®, announced that its Board of Directors declared a regular dividend of ten cents ($0.10) per share of common stock at their meeting on January 14, 2016. This action marks the company’s 94th consecutive dividend.
The regular dividend is payable on January 29, 2016 to shareholders of record at the close of business on January 18, 2016.
“We are pleased to announce our 4th quarter 2015 dividend,” stated Michael Livingston, President and CEO of The Bank of Glen Burnie. “While in past quarters we announced our dividends toward the end of each fiscal quarter, our Board’s new policy is to consider and announce dividends following the close of each quarter. We thank the shareholders for their investment in Glen Burnie Bancorp.”
Glen Burnie Bancorp, parent company to The Bank of Glen Burnie, currently maintains consolidated assets totaling more than $390 million. Founded in 1949, The Bank of Glen Burnie is a community bank with eight branch offices serving Anne Arundel County, MD (www.thebankofglenburnie.com).
Certain information contained in this news release, which does not relate to historical financial information, may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties, which could cause the company’s actual results in the future to differ materially from its historical results and those presently anticipated or projected. For a more complete discussion of these and other risk factors, please see the company’s reports filed with the Securities and Exchange Commission.