QUAKERTOWN, PA - QNB Corp. (OTC Bulletin Board: QNBC), the parent company of QNB Bank, has announced a quarterly cash dividend of $0.37 per share. The dividend is scheduled to be paid on June 28, 2024, to shareholders who are on record as of June 14, 2024.
The company, which operates twelve banking offices through its subsidiary QNB Bank, provides a range of commercial and retail banking services. QNB Corp.'s shares are traded over-the-counter under the ticker symbol QNBC.
This dividend declaration follows QNB Corp.'s ongoing practice of returning value to its shareholders and reflects the company's financial position and commitment to its dividend policy.
Investors and those interested in the company's financial activities can find more information on QNB Corp.'s website. The announcement is based on a press release statement from QNB Corp.
InvestingPro Insights
QNB Corp. (OTC Bulletin Board: QNBC) has continued to uphold its reputation as a reliable dividend-payer with its recent announcement of a quarterly cash dividend of $0.37 per share. An InvestingPro Tip highlights that QNBC has not only raised its dividend for 13 consecutive years but has also maintained dividend payments for 28 consecutive years, underscoring its commitment to shareholder returns. Furthermore, the company is noted for paying a significant dividend to shareholders, with a current dividend yield of 6.3%, as of the last recorded date.
From a financial perspective, QNB Corp. maintains a market capitalization of $86.11M and presents an attractive price-to-earnings (P/E) ratio of 10.82 based on the last twelve months as of Q1 2024. Additionally, the company's price-to-book ratio during the same period stands at 0.92, suggesting that the stock may be undervalued compared to the net asset value of the company. Despite a decline in revenue growth, down by 14.73% over the last twelve months as of Q1 2024, QNBC's profitability over this period is evident with a basic and diluted EPS (Continuing Operations) of $2.19.
For investors seeking a deeper analysis and more InvestingPro Tips, QNB Corp.'s detailed financial metrics and additional insights can be found on InvestingPro. There are a total of 5 InvestingPro Tips available, which could further inform investment decisions. To access these insights and more, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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