Glen Burnie Bancorp operates as the bank holding company for The Bank of Glen Burnie that provides commercial and retail banking services to individuals, associations, partnerships, and corporations. The company accepts various deposits, including savings accounts, money market deposit accounts, demand deposit accounts, NOW checking accounts, and IRA and SEP accounts, as well as certificates of deposit. It also provides residential and commercial real estate, construction, land acquisition and development, and secured and unsecured commercial loans, as well as consumer installment lending, such as indirect automobile lending services; and residential first and second mortgage loans, home equity lines of credit, and commercial mortgage loans. In addition, the company offers ancillary products and services comprising safe deposit boxes, money orders, night depositories, automated clearinghouse transactions, and automated teller machine (ATM) services, as well as electronic banking services that include telephone banking, online banking, bill pay, card control, mobile app, merchant source capture, mobile deposit capture, Zelle, etc. Further, it provides treasury services, including wire transfer and ACH services, and debit cards. Additionally, the company engages in the business of acquiring, holding, and disposing of real property. It serves customers in northern Anne Arundel county and surrounding areas from its main office and branch in Glen Burnie, Maryland; and branch offices in Odenton, Riviera Beach, Crownsville, Severn, Linthicum, and Severna Park, Maryland. The company also has a remote ATM located in Pasadena, Maryland. Glen Burnie Bancorp was founded in 1949 and is based in Glen Burnie, Maryland.
Glen Burnie Bancorp Dividend Announcement
• Glen Burnie Bancorp announced a quarterly dividend of $0.10 per ordinary share which will be made payable on 2024-08-05. Ex dividend date: 2024-07-22
• Glen Burnie Bancorp annual dividend for 2024 was $0.30
• Glen Burnie Bancorp annual dividend for 2023 was $0.40
• Glen Burnie Bancorp's trailing twelve-month (TTM) dividend yield is 5.45%
• Glen Burnie Bancorp's payout ratio for the trailing twelve months (TTM) is 1213.68%
Glen Burnie Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-22 | $0.10 | quarterly | 2024-08-05 |
2024-04-19 | $0.10 | quarterly | 2024-05-06 |
2024-01-19 | $0.10 | quarterly | 2024-02-05 |
2023-10-20 | $0.10 | quarterly | 2023-11-06 |
2023-07-21 | $0.10 | quarterly | 2023-08-07 |
2023-04-21 | $0.10 | quarterly | 2023-05-08 |
2023-01-20 | $0.10 | quarterly | 2023-02-06 |
2022-10-21 | $0.10 | quarterly | 2022-11-07 |
2022-07-22 | $0.10 | quarterly | 2022-08-08 |
2022-04-22 | $0.10 | quarterly | 2022-05-09 |
2022-01-21 | $0.10 | quarterly | 2022-02-07 |
2021-10-22 | $0.10 | quarterly | 2021-11-08 |
2021-07-16 | $0.10 | quarterly | 2021-07-30 |
2021-04-16 | $0.10 | quarterly | 2021-04-30 |
2021-01-22 | $0.10 | quarterly | 2021-02-08 |
2020-10-16 | $0.10 | quarterly | 2020-11-02 |
2020-07-17 | $0.10 | quarterly | 2020-07-31 |
2020-04-17 | $0.10 | quarterly | 2020-05-01 |
2020-01-16 | $0.10 | quarterly | 2020-01-31 |
2019-10-18 | $0.10 | quarterly | 2019-11-01 |
2019-07-19 | $0.10 | quarterly | 2019-08-02 |
2019-04-18 | $0.10 | quarterly | 2019-05-03 |
2019-01-17 | $0.10 | quarterly | 2019-02-01 |
2018-10-19 | $0.10 | quarterly | 2018-11-02 |
2018-07-20 | $0.10 | quarterly | 2018-08-03 |
2018-04-20 | $0.10 | quarterly | 2018-05-04 |
2018-02-09 | $0.10 | quarterly | 2018-02-23 |
2017-10-20 | $0.10 | quarterly | 2017-11-03 |
2017-07-20 | $0.10 | quarterly | 2017-08-04 |
2017-04-20 | $0.10 | quarterly | 2017-05-05 |
2017-01-19 | $0.10 | quarterly | 2017-02-03 |
2016-10-20 | $0.10 | quarterly | 2016-11-04 |
2016-07-21 | $0.10 | quarterly | 2016-08-05 |
2016-04-21 | $0.10 | quarterly | 2016-05-06 |
2016-01-20 | $0.10 | quarterly | 2016-01-29 |
2015-09-24 | $0.07 | quarterly | 2015-10-09 |
2015-06-25 | $0.10 | quarterly | 2015-07-08 |
2015-03-25 | $0.10 | quarterly | 2015-04-08 |
2014-12-24 | $0.10 | quarterly | 2015-01-08 |
2014-09-25 | $0.10 | quarterly | 2014-10-09 |
2014-06-25 | $0.10 | quarterly | 2014-07-09 |
2014-03-26 | $0.10 | quarterly | 2014-04-07 |
2013-12-24 | $0.10 | quarterly | 2014-01-08 |
2013-09-25 | $0.10 | quarterly | 2013-10-08 |
2013-06-25 | $0.10 | quarterly | 2013-07-08 |
2013-03-26 | $0.10 | quarterly | 2013-04-05 |
Glen Burnie Bancorp Dividend per year
Glen Burnie Bancorp Dividend growth
Glen Burnie Bancorp Dividend Yield
Glen Burnie Bancorp current trailing twelve-month (TTM) dividend yield is 5.45%. Interested in purchasing Glen Burnie Bancorp stock? Use our calculator to estimate your expected dividend yield:
Glen Burnie Bancorp Financial Ratios
Glen Burnie Bancorp Dividend FAQ
Other factors to consider when evaluating Glen Burnie Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Glen Burnie Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Glen Burnie Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Glen Burnie Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Glen Burnie Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Glen Burnie Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Glen Burnie Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Glen Burnie Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Glen Burnie Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Glen Burnie Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.