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 7.71%
• Glen Burnie Bancorp's payout ratio for the trailing twelve months (TTM) is 223.02%
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 7.71%. Interested in purchasing Glen Burnie Bancorp stock? Use our calculator to estimate your expected dividend yield:
Glen Burnie Bancorp Financial Ratios
P/E ratio29.00
PEG ratio22.18
P/B ratio0.86
ROE3.04%
Payout ratio223.02%
Current ratio0.09
Quick ratio0.18
Cash Ratio0.08
Glen Burnie Bancorp Dividend FAQ
How much is the next Glen Burnie Bancorp dividend?
Glen Burnie Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Glen Burnie Bancorp dividend. The next Glen Burnie Bancorp dividend will be released in January, April, July, or October.
When is Glen Burnie Bancorp dividend paid?
Glen Burnie Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Glen Burnie Bancorp pay?
The specific amount of Glen Burnie Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Glen Burnie Bancorp's dividend history.
Does Glen Burnie Bancorp stock pay dividends?
Yes, Glen Burnie Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Glen Burnie Bancorp's dividend history.
How much dividend does Glen Burnie Bancorp pay?
Glen Burnie Bancorp paid $0.3 in 2024, $0.4 in 2023, $0.4 in 2022, $0.4 in 2021, and $0.4 in 2020.
How often does Glen Burnie Bancorp pay dividends?
Glen Burnie Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Glen Burnie Bancorp's dividend yield?
The current dividend yield for Glen Burnie Bancorp is 7.71%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Glen Burnie Bancorp's exact dividend yield.
When does Glen Burnie Bancorp go ex dividend?
Glen Burnie Bancorp's ex-dividend date for the latest dividend was on 2024-07-22. Glen Burnie Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Glen Burnie Bancorp dividend paid?
Glen Burnie Bancorp pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Glen Burnie Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Glen Burnie Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Glen Burnie Bancorp dividend per share?
Glen Burnie Bancorp paid $0.3 per share in 2024 and $0.4 per share in 2023. The amount of dividend per share that Glen Burnie Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Glen Burnie Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Glen Burnie Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Glen Burnie Bancorp a dividend stock?
Yes, Glen Burnie Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Glen Burnie Bancorp a good dividend stock?
Whether Glen Burnie Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Glen Burnie Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
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.
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.
Does Glen Burnie Bancorp pay dividends monthly?
Glen Burnie Bancorp typically pays dividends on a quarterly basis.
Does Glen Burnie Bancorp pay dividends quarterly?
Glen Burnie Bancorp currently pays dividends on a quarterly basis.
Has Glen Burnie Bancorp ever paid a dividend?
Yes, Glen Burnie Bancorp has a history of paying dividends to its shareholders. Glen Burnie Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Glen Burnie Bancorp dividend stocks?
To buy Glen Burnie Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Glen Burnie Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Glen Burnie Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Glen Burnie Bancorp pay dividends 2024?
Glen Burnie Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-05. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Glen Burnie Bancorp increase its dividend in 2024?
Decisions regarding Glen Burnie Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Glen Burnie Bancorp dividend overview you can look into the above table of dividend history.
How Glen Burnie Bancorp dividend works?
The Glen Burnie Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Glen Burnie Bancorp's dividend process works:
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. 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.
How are Glen Burnie Bancorp dividends paid?
Glen Burnie Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
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.
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.
How many times does Glen Burnie Bancorp pay dividends?
Glen Burnie Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Glen Burnie Bancorp pay dividends?
The general pattern is that Glen Burnie Bancorp pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Glen Burnie Bancorp dividend safe?
The safety of Glen Burnie Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
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.
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.